Daijiworld Media Network - Mumbai
Mumbai, Jan 30: Shares of ITC Hotels are set to be listed on the stock exchanges on Wednesday following its demerger from ITC as part of the group's restructuring. Shareholders received one share of ITC Hotels for every 10 shares held in ITC.
Despite the separation, ITC will continue to support the hotel business with its brand name, governance, and operational synergies. Analysts believe the move will enhance ITC’s return profile, as the hotel segment is capital-intensive.
On Tuesday, ITC shares fell 1.2% to close at Rs 435.4, marking a 10.2% decline in 2025 so far. As per the demerger terms, ITC will retain a 40% stake in ITC Hotels, while the remaining 60% will be held by existing ITC shareholders.