ITC Hotels Lists on Stock Exchanges: Stock Opens at Rs 188
By Rediff Money Desk, New Delhi Jan 29, 2025 10:31
ITC Hotels Ltd., the demerged hotels business of ITC Ltd, began trading on the stock exchanges today. The stock opened at Rs 188 on the BSE and Rs 180 on the NSE, but later declined.
![ITC Hotels Lists on Stock Exchanges: Stock Opens at Rs 188](https://im.rediff.com/money/2019/jan/09itc-hotel1.jpg?fr=money)
Photograph: Kind courtesy, ITC Hotels
New Delhi, Jan 29 (PTI) Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, listed on the stock exchanges on Wednesday.
The stock listed at Rs 188 on the BSE, while on the NSE it began the trade at Rs 180.
Later the stock declined 5 per cent to Rs 178.60 on the BSE.
At the NSE, it went lower by 3 per cent to Rs 172.
The firm's market valuation stood at Rs 39,126.02 crore.
Demerger of ITC's hotel business came into effect on January 1, 2025, with January 6 fixed as the record date. The move separated ITC Hotels from the parent entity.
Following this, the equity shares of ITC Hotels will be listed and admitted to dealings on the exchange with effect from January 29, 2025, according to a circular by the National Stock Exchange (NSE).
Separately, ITC, in a regulatory filing, informed that ITCHL received approval from the National Stock Exchange of India Ltd and BSE Ltd for listing and trading of its equity shares effective January 29, 2025.
On January 6, the BSE and NSE conducted a special trading session to discover the price for ITC hotels business post demerger.
The stock listed at Rs 188 on the BSE, while on the NSE it began the trade at Rs 180.
Later the stock declined 5 per cent to Rs 178.60 on the BSE.
At the NSE, it went lower by 3 per cent to Rs 172.
The firm's market valuation stood at Rs 39,126.02 crore.
Demerger of ITC's hotel business came into effect on January 1, 2025, with January 6 fixed as the record date. The move separated ITC Hotels from the parent entity.
Following this, the equity shares of ITC Hotels will be listed and admitted to dealings on the exchange with effect from January 29, 2025, according to a circular by the National Stock Exchange (NSE).
Separately, ITC, in a regulatory filing, informed that ITCHL received approval from the National Stock Exchange of India Ltd and BSE Ltd for listing and trading of its equity shares effective January 29, 2025.
On January 6, the BSE and NSE conducted a special trading session to discover the price for ITC hotels business post demerger.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.21 ( -5.09)
- 50736618
- AvanceTechnologies
- 0.64 ( -5.88)
- 23261214
- Srestha Finvest
- 0.63 ( -3.08)
- 17968849
- Vakrangee
- 16.71 (+ 4.96)
- 14316214
- G G Engineering
- 1.11 ( -4.31)
- 13184477
MORE NEWS
Reliance Infrastructure Q3 Net Loss Widens to...
Reliance Infrastructure Ltd reported a widening consolidated net loss of Rs 3,298.35...
![Income Tax Bill...](https://im.rediff.com/80-80/money/2020/aug/14tax1.jpg)
Income Tax Bill 2025: Section-wise Mapping Now...
The Income Tax department has activated section-wise mapping of the Income Tax Act,...
Mahindra Lifespace Raises Rs 1,500 cr via...
Mahindra Lifespace Developers plans to raise up to Rs 1,500 crore through a rights...