Tobacco and consumer goods maker ITC gains to another record after CNBC-TV18 reports that the process to spin off its hotel business is underway, and that alternative structures for the unit are also being explored.
A separate listing is one of the options being considered, the report says, citing people it didn't identify.
· Shares gain as much as 3% to head for a fifth consecutive day of advance
· Trading volume 1.1x three-month, full-day average
· NOTE: In May, the Hindu Business Line newspaper reported that ITC's proposal to spin off its hotels business is "very much on the table," citing Chairman Sanjiv Puri
· ITC's shares have risen 43% this year versus a 7.5% gain in the benchmark Sensex
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