ITC Limited (NSEI:ITC) Chairman Sanjiv Puri has said the company is open to the idea of demerger of the fast moving consumer goods (FMCG) business and listing of the information technology (IT) businesses, while the conglomerate has not shelved the demerger plans for the hotel business which will be done as soon as the industry recovers. According to four analysts who were present in the meeting, Puri has said the company and its board periodically reviews all options of demerger, listing and unlocking value of businesses and the final decision will be taken if it creates sustained value for shareholders. “Nothing is cast in stone. Decisions to unlock depend on the business maturity and business context,” Puri has said.