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ITC Hotels Ltd lists at Rs 182 apiece on the NSE. On the BSE, it lists at Rs 188 apiece.
ITC Hotels Share Price.
ITC Hotels Listing: ITC Hotels Ltd on Wednesday listed at Rs 182 apiece on the NSE. On the BSE, it was listed at Rs 188 apiece. It marks a discount of about 31 per cent from its implied price of Rs 260 per share.
ITC Hotels was recently demerged from the ITC businesses, to be listed as a separate entity for value unlocking for shareholders. The stock exchanges NSE and BSE held a special session on January 6, 2025, to discover the price of ITC stock, ex-hotel business.
ITC Hotels has allotted 1,25,11,71,040 equity shares of Rs 1 each to ITC shareholders as of January 6, the record date. The allotment was made at a ratio of one fully paid-up share of ITC Hotels for every 10 fully paid-up shares of ITC.
For example, if a shareholder owned 1,000 ITC shares at Rs 400 per share before the demerger, the total cost of acquisition would be Rs 4,00,000. After the demerger, they would receive 100 shares of ITC Hotels. The cost of acquisition would be split, with Rs 3,45,960 (86.49 per cent) attributed to ITC shares and Rs 54,040 (13.51 per cent) to ITC Hotels shares.