ITC Hotels demerger could lead to passive outflow of $180 million: Nuvama
Following the demerger of ITC Hotels from parent firm ITC Ltd, the record date for which was January 6, domestic brokerage firm Nuvama on Tuesday said it expects an outflow of about $180 million as a result of the corporate action. “Assuming the current static price of around Rs 260 remains on the day of…