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ITC Hotels Share Listing: ITC Hotels, a company associated with the hotel business, separated after a demarreer from ITC, has a disappointing listing on the stock exchange. The stock of ITC Hotels was listed at Rs 188 after which the stock fell to Rs 178.60. Currently, the stock is trading at Rs 180 with a decline of 4.26 per cent. On 6 January 2025, ITC Hotels was shared by ITC to Dimer, ITC Hotels had a stock price of Rs 270 to end the special pre-open trading session for the price discovery.
Stocks of ITC Hotels were listed on Wednesday 29 January 2025. ITC hotels were listed on BSE at a price of Rs 188 and NSE at Rs 180. The listing of stock is listed below its MPLide price. Investors who had shares of ITC after demarreer from ITC, the parent company of ITC Hotels, have been given shares of an ITC hotels in lieu of 10 ITC shares.
In the year 2023, ITC decided to demarcate the hotel business in regulatory filing to unlock the value for the shareholders of ITC. Under this dimenser, the shareholders have been given shares of an ITC hotels in exchange for the 1:10 ratio i.e. 10 ITC shares. On 6 January 2025, ITC Hotels was organized by ITC after a demarcation, the Special Pre-Open Trading Session for the price discovery of ITC Hotels. A few days later, a few days after the record date was fixed for the dimpar, the shares of ITC Hotels were credited to the ITC Hotels in the Demat account of the eligible investors.
From 1 January 2025, the dimensions of ITC Hotels became effective. It was informed in the regulatory filing that ITC Limited and ITC Hotels Limited have met all the necessary conditions with mutual consent for the demar. Is. The shareholders have also approved the decision of the dimensions of ITC Hotels, a hotel business company, with ITC Limited. ITC will hold a 40 percent stake in ITC hotels. 60 per cent stake in ITC hotels has been given to ITC shareholders.
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