ITC's Demerger: Shares of ITC Hotels Set at ₹455.6 in Special Trading Session

ITC Ltd. has announced the discovered price of ₹455.6 per share for its newly demerged entity, ITC Hotels, during a special trading session following the demerger. This significant milestone comes as the company prepares for the formal listing of ITC Hotels, which is expected to occur within 60 days post-demerger. Shareholders will receive one share of ITC Hotels for every ten shares held in ITC, effectively allowing them to participate in the growth of this standalone hospitality business. Analysts anticipate a positive market response, reflecting the strong brand value and potential of ITC Hotels.

Source:Business Standard