Some of the country’s top corporate houses are opting to split their operations in a bid to unlock value. The move also comes as some companies look to strengthen their core or primary businesses, hiving off and listing non-core operations into a separate unit. Still others see sense in giving investors an opportunity to partake off growth in an allied business, as ITC sought to do with the demerger of its hotels business from the parent firm, experts said. Apart from ITC, FY25, saw firms such as Hindustan Unilever (HUL), Raymond, Aditya Birla Fashion and Retail, Siemens and Vedanta take the demerger route.