ITC Hotels Listing Share Price Today: Stock of ITC Hotels has been listed on 29 January 2025 today on Rs 188 per share (ITC Hotels Listing Price). The listing price is in accordance with the estimates of more experts or brokerage. The ITC separated its hotel division in early January, making a separate entity in the 1:10 ratio. ITC maintained 40% of ownership in this new entity, while other 60% had allocated its shareholders.
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ITC Hotels: Today’s trend in stock
ITC Hotels shares were listed on BSE at Rs 188 today, while it started the business on NSE at Rs 180. Later it fell 5 per cent on BSE at Rs 178.60 and 3 per cent on NSE to Rs 172. The company’s market capitalization stood at Rs 39,126.02 crore. At the same time, ITC shares opened at Rs 436 against Rs 435. Which is currently at Rs 432 with a decline. Today’s high for ITC is Rs 438 and low is Rs 431.
Today, when the ITC Hotels has been listed on the exchange, it will remain part of the benchmark index (which is also a part) till 3 business sessions. After that it will be excluded. However, if the circuit limit is crossed, the deadline can be increased.
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What was estimation about listing
A report by Brokerage House Nuwama said that the stock of ITC Hotels could be listed around Rs 200 per share. In which there is a possibility of 20 percent holder exemption. According to the report, the market cap of ITC Hotels can be around Rs 42,000 crore. Many other brokerage also expressed their hopes that the possible listing could be between Rs 113-170 per share.
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ITC hotel business is separated
The ITC had separated its hotel business from the original company on 1st January. The record date was fixed on 6 January and the demar ratio was 1:10. This means that eligible shareholders were going to get 1 shares of ITC hotels in lieu of every 10 shares of ITC. To be eligible, investors had to buy shares of ITC before 3 January or on that day. January 3, 2025 was cut-off. After that people investing in ITC shares are not eligible for the shares of ITC Hotels.
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How to shares ITC to shareholders allot?
Shares eligible shareholders of ITC Hotels were deposited in their demat account in 1:10 ratio. Right now the shares are in “dummy tickets” form and they will remain freezing till the listing date. The shareholders were informed about the share allotment through email and SMS by ITC.
What will affect the ITC business with the case?
Everyone’s eyes are on what will affect the business dynamics of ITC with this sent. Let us know that ITC now has a 40% stake in the separated hotel business. After the partition, the ITC share price has been adjusted and the market cap has also changed.