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I got the shares on Monday
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Shares got credited.
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Was going through ITC infotech annual report, noticed an interest fact:
In last 2 years, almost Rs 1000 Cr+ spent on inorganic growth without debt on books. Looks like they adding new capabilities around SaaS and Cloud verticals.
Like most of well established IT companies, it is also debt free and all the PAT is turning into FCF and is being paid as dividend to ITC Limited.
This must be next candidate for demerger & listing 
The way L&T babies in tech space have created shareholder value - ITC Infotech can do same too being a talented kid (at least as per balance sheet) - provided ITC board is willing to separate it from close to their chest.
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I wonder at what point in the companys journey that a demerger and listing makes sense…
Think, if a company can grow & honor its financial responsibilities on its own - it shall be demerged.
Imagine, when listed separately - ITC Infotech’s management will be more answerable to the shareholders - when their performance would be subject to public scrutiny and compared to other listed peers.
Currently, their act (good or bad) are hidden behind the giant size of tobacco & FMCG operations in overall ITC Limited.