The demerger of ITC Hotels officially became effective on January 1, 2025. Post the demerger, the ITC Hotels share price discovery happened during a special trading session on the record/ex-date of January 6, 2025. As the allotment of shares has been finalised, investors are now eagerly waiting for the listing of ITC Hotels shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
ITC Hotels Share Listing Process
In a recent communication sent to its shareholders, ITC Hotels confirmed that it has taken the necessary steps for listing of its shares on both NSE and BSE. The company clarified that the listing will take place after getting the approval of the exchanges. Till then, as per the ITC demerger plan, the ITC Hotels shares allotted to the shareholders will remain frozen in their demat accounts.
ITC Hotels Share Allotment Details
Under the demerger scheme, eligible ITC Limited shareholders have received ITC Hotels shares in the ratio of 1:10, which means that for every 10 shares of ITC Limited held as on the record date (January 6, 2025), shareholders have been allotted 1 share of ITC Hotels.
For example, an investor holding 100 shares of ITC Limited as on the record date will now receive 10 shares of ITC Hotels. This allotment was completed on January 11, 2025.
ITC Hotels share price: What to expect on listing
The price of ITC Hotels shares was determined during a special trading session held on January 6, 2025. The session, which ran from 9 am to 10 am, resulted in adjustments in the share price of ITC on both NSE and BSE. On NSE, the share price of ITC was adjusted down by ₹26 to settle at ₹455.60, while on BSE it was adjusted up by ₹27 to ₹455.
Experts have provided their expectations for the share price of ITC Hotels on listing. Nomura estimates that the stock price could be between ₹200 and ₹300, while Nuvama estimates the listing price to be between ₹150 and ₹175. On the other hand, SBI Securities estimates the price to be between ₹113 and ₹170.
As shareholders eagerly await the official listing of ITC Hotels on NSE and BSE, all eyes will be on the market reaction to this much-awaited debut.
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