Parel). The demerger of ITC Hotels from ITC took effect on 1 January, 2025. Post-demerger, ITC retains a 40% stake in the hotel business, while 60% is distributed to existing shareholders.
According to reports, Uddhav Thackeray-led Shiv Sena (UBT) has shifted its MLAs to ITC Grand Central Hotel in Lower Parel. Shiv Sena (Eknath Shinde) camp MLAs are staying in Taj Lands End in Bandra.