ITC says demerger report 'speculative'

New Delhi: ITC Limited has informed the stock exchanges that news with regard to a potential demerger of the company is 'speculative in nature'.

"We write to advise that the news item under reference is speculative in nature," the ITC said in a filing with reference to the news item in a TV channel.

"We draw your attention that if and when there is any material development with respect to the affairs of the Company, the Stock Exchanges are kept advised, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Company's Policy for determination of materiality of events and information for disclosure to the Stock Exchanges," the ITC said.