Sanjiv Puri’s New Mantra for ITC
From unlocking value through the demerger of its non-cigarettes FMCG and hotels business to a possible listing of ITC Infotech, the Sanjiv Puri-led company has a slew of measures planned
- Dec 25, 2021,
- Updated Dec 25, 2021 8:54 AM IST
Amid its share price stagnating for over eight years in the Rs 200-300 range, ITC finally divulg-ed its business strategies. From unlocking value through the demerger of its non-cigarettes FMCG and hotels business to a possible listing of ITC Infotech, the Sanjiv Puri-led company has a slew of measures planned. The Rs 53,000-crore ITC has adopted a “venture capitalist kind of mindset”, Puri says. Delivering new products at an “unparalleled” speed that “crushes” the competition, is now its mantra for success.
Amid its share price stagnating for over eight years in the Rs 200-300 range, ITC finally divulg-ed its business strategies. From unlocking value through the demerger of its non-cigarettes FMCG and hotels business to a possible listing of ITC Infotech, the Sanjiv Puri-led company has a slew of measures planned. The Rs 53,000-crore ITC has adopted a “venture capitalist kind of mindset”, Puri says. Delivering new products at an “unparalleled” speed that “crushes” the competition, is now its mantra for success.