ITC discusses demerger possibilities at first-ever investor meet

ITC chairman Sanjiv Puri doesn't rule out listing infotech business and said the board is open to creating value for non-cigarettes FMCG business

ITC has not ruled out the possibility of listing its infotech business and is open to seeing what is right to create value for the non-cigarettes FMCG business that has leveraged institutional synergies.

At ITC's first-ever institutional investors and financial analysts meeting, which was held virtually on Tuesday, Sanjiv Puri, chairman of the cigarette-to-hotel major, commented on the demerger possibilities for the FMCG business and listing infotech business. 

"ITC Infotech is a 100 per cent owned subsidiary and listing is certainly a possibility and these are issues that we examine from time to time," Puri told analysts, adding, "when it’s believed