ITC Hotels demerger could lead to passive outflow of $180 million: Nuvama
Following the demerger of ITC Hotels from ITC Ltd, Nuvama expects an outflow of approximately $180 million due to the corporate action. The passive flow for Nifty50 is projected at $110 million, while for Sensex,
Why ITC Opted For Demerger Of Its Hotels Business — Explained
ITC Ltd. announced the demerger of its hotel business, effective January 1, 2025. The move aims to unlock value for shareholders by providing direct access to ITC Hotels, while allowing ITC to focus on its high-margin businesses.
Indian conglomerate ITC's value adjusts 5% lower after hotels business spin-off
Indian foods-to-tobacco group ITC's market value was adjusted lower by about 5%, or 325 billion rupees ($3.8 billion), in a special trading session on Monday to account for the spin-off of the conglomerate's hotels business.
ITC Hotels’ Spinoff Takes Effect: What it Means for India’s Hospitality Market
ITC's move to demerge its hotel division comes amid positive investor outlook for the industry as demand for travel trumps high pricing.
ITC Hotels Demerger Share Price Highlights: ITC shares end in red, stock to turn ex-date today
ITC Hotels Stocks, ITC Hotels demerger share price updates 6 Jan 2025: ITC shares in focus. ITC Hotels Ltd. will be demerged from ITC Ltd., with the record date for the company for demerger and the ex-date for the shares of ITC set at January 6.
ITC Demerger: Unveiling New Horizons for Hotel Business
The special trading session revealed ITC's share price for its demerged hotel business, settling at Rs 455.60 on NSE. From January 1, 2025, ITC Hotel became independent, and shareholders received one ITC Hotel share for every 10 ITC shares.
ITC Share Price Live Updates: ITC Reports Decline Amid Market Fluctuations
Discover the ITC Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of ITC with the latest details, including: Last traded price 455.
India's ITC falls 5% to "discover" price after hotels business spin off
Shares of ITC fell about 5% on Monday in a special trading session to "discover" its price after accounting for the foods to tobacco conglomerate spinning off its hotels business into a separate listed entity.
ITC Shares Priced at 459 Rupees After Hotel Unit Spinoff
Cigarettes-to-consumer goods conglomerate ITC Ltd.’s shares fell as much as 5% from Friday’s close in a special price discovery session in Mumbai to adjust for the spinoff of its hotels division.
ITC Demerger: Shares Drop 6% After Hotel Business Spin-Off
ITC Ltd's share price dropped over 6% in early trading on January 4, 2025, following the spin-off of its hotel business into ITC Hotels.The cigarette-to-FMCG conglomerate’s shares settled at Rs 455 on BSE and Rs 455.
ITC Share Price: BUY or SELL after ITC Hotels share demerger? Check TARGET
ITC share price on NSE was adjusted by Rs 26 after ITC Hotels demerger on ex-date (January 6). ITC Hotels listing date is yet to be announced.
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ITC Demerger: Unveiling New Horizons in Hospitality
ITC's shares dropped as the company's hotel division spun off, now trading separately. Shareholders will receive one share of ...
ITC Share Price Live Updates: ITC Stock Performance: Today's Change
Stay up-to-date with the ITC Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a ...
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Delivery-Based Selling in RIL, HDFC Bank, ITC And Zomato As Benchmark Ended Lower
ITC Ltd recorded a delivery volume of 1.4 crore shares, with a delivery percentage of nearly 60%. The total volume stood at ...
ITC trades sans hotels division at ₹455 apiece
The discovered price of shares of cigarette-to-soap conglomerate ITC Ltd stood at around ₹455 apiece on stock exchanges at the end of a special trading session on Monday to adjust for the spinoff of ...
ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares
ITC Hotels will become an independent entity post-demerger on January 1, 2025, allowing shareholders to retain full ownership ...
ITC Demerger Special Trading Session: When Will ITC Hotels List On BSE, NSE? Here's What You Should Know
January 6th is a significant day for ITC shareholders, as the company will turn ex-date for its demerger of ITC Hotels ...
Stocks in news: HDFC Bank, ICICI Bank, ITC, Bajaj Finance, Vedanta, NTPC Green, Nykaa & Tata Elxsi
Stocks including HDFC Bank, ICICI Bank, ITC, Bajaj Finance, Vedanta, NTPC Green, Nykaa, Tata Elxsi, JSW Infra and more will ...