ITC Hotels Share Price: Demerger Done; Stock Trades At Rs... - Details

On January 6, 2025, the stock exchanges BSE and NSE conducted a special pre-open session from 9:00 AM to 9:45 AM to determine the share price of ITC Hotels following the demerger of ITC’s hotel business. Regular trading in ITC shares resumed at 10:00 AM.

ITC Hotels Share Price 
During this session, ITC’s share price settled at Rs 455 apiece on the BSE, compared to the previous closing price of Rs 482. On the NSE, ITC’s stock settled at Rs 455.60, down from Rs 481.60. This difference led to the discovery of ITC Hotels’ share price at Rs 27 per share on the BSE and Rs 26 per share on the NSE.

ITC Demerger Details 
ITC had announced the demerger of its hotel business in August 2023 to form ITC Hotels, a separate entity. Under the demerger scheme, ITC will retain 40% ownership in ITC Hotels, while distributing the remaining 60% to ITC shareholders in proportion to their holdings. Shareholders will receive one share of ITC Hotels for every 10 ITC shares held.

ITC Hotels: A Growing Hospitality Powerhouse 
TC Hotels, currently operating over 140 hotels with nearly 13,000 keys (rooms), has ambitious expansion plans. The company aims to increase its portfolio to over 200 hotels and 18,000 keys by 2030. With a net cash surplus and minimal debt, ITC Hotels is poised for robust growth in the hospitality sector. The newly formed entity will become India’s second-largest hotel chain, with a portfolio of 140 hotels and 12,965 rooms. Over the next five years, ITC Hotels aims to expand further, with 46 new properties and 4,300 rooms in the pipeline, bringing the total to 186 hotels and 17,265 rooms by March 2030.