ITC demerger: ITC Hotels shares to be listed on BSE, NSE on January 29

Shares of ITC Hotels are set to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 29, its parent organization ITC announced in an exchange filing on January 27.

Last year, ITC decided to demerge its Hotel business into a separate listed entity to unlock value for shareholders. It fixed the demerger ratio at 1:10, which meant that shareholders holding 10 shares of ITC, as on January 6, 2025, will receive one share of ITC Hotels post the demerger.

Under the scheme of demerger, ITC Hotels will issue equity shares directly to the shareholders of ITC in a manner that about 60 per cent stake is held directly by ITC shareholders proportionate to their shareholding in ITC and the remaining about 40 per cent stake to continue with ITC, it said.

The stock exchanges, NSE and BSE, conducted a special trading session for ITC shares on January 6 to determine the value, via price discovery method, of ITC’s hotel business post the demerger.