ITC has not ruled out the possibility of listing its infotech business and is open to seeing what is right to create value for the non-cigarettes FMCG business that has leveraged institutional synergies.

At ITC’s first-ever institutional investors and financial analysts meeting, held virtually on Tuesday, Sanjiv Puri, chairman of the cigarette-to-hotel major, commented on the demerger possibilities.

“ITC Infotech is a 100 per cent owned subsidiary, and listing is certainly a possibility, and these are issues that we examine from time to time,” Puri told analysts, adding, “when it’s believed that it would be a good idea to do so and when it is felt that it is commensurate or material enough and when we feel it is worthwhile doing it in the interest of all stakeholders, I think, at that point of time certainly the board will consider that”.

Puri also said these are areas that the company debates and looks at the context and the timing. “There is a context and timing to everything. And we have to approach it with an open mind,” Puri added.