Jefferies anticipates significant growth for ITC Hotels, with a demerger expected to finalize in the January-March quarter. Currently, ITC Hotels represents about four percent of ITC's sum-of-the-parts valuation, and post-demerger, it is projected to maintain a robust balance sheet with net cash of Rs 1,000-1,500 crore. ITC shares saw a slight increase, trading at Rs 480.05, reflecting a 0.65 percent rise.
