ITC Shares Adjust After Demerger

New Delhi: ITC shares settled at Rs 455.60 on the NSE at the end of a special session on Monday for the price discovery of its hotels business.At the BSE, it settled at Rs 455. Demerger of ITC’s hotel business came into effect from January 1, 2025, and the record date for shareholders was January 6, 2025. As per the scheme, ITC Hotel is separated from the parent entity.

“Most-awaited ITC demerger gets price discovery at Rs 455.60 and Rs 27 adjusted towards ITC Hotel based on previous closing during the special pre-open session. Discovery price of ITC Hotel was in-line with our expectations. “Now ITC shareholders get 1 share of ITC Hotels for every 10 held of ITC. As per the index demerger listing rules, ITC Hotels will be part of index and will be excluded from indices 3 business days after its listing date (if there are no circuit breakers).