ITC Hotels to be 51st Nifty stock in dummy form till listing. Last day to buy today before demerger
Shares of ITC Hotels will initially list on the BSE and NSE in a dummy format. This is to minimize the impact of the demerger on Sensex and Nifty levels. The official listing will occur in a few weeks.
ITC demerges hotels business to form ITC Hotels
ITC transferred cash and cash equivalents worth Rs15bn ($175m) to ITCHL to support planned growth and contingencies.
ITC Hotel Demerger: Rs 1,500 Crore Transfer, Listing Details
ITC's hotel business demerges on January 1, 2025. Shareholders receive ITC Hotels shares, with ITC transferring Rs 1,500 crore for growth. Learn more about the demerger.
ITC demerger record date: Last date to BUY to get ITC Hotels shares
ITC Ltd shares are set to trade ex-date for ITC Hotels demerger on January 6. With January 6 falling on a Monday and January 4-5 being market holidays, January 3 will be the last trading day to buy ITC shares in order to be eligible for receiving ITC Hotels shares post-demerger.
ITC Chalks Out Rs 1500 Crore Plan to Fuel Growth in Demerged Hotels Biz
ITC Ltd is set to transfer funds worth Rs 1500 crore to its demerged hotel company, ITC Hotels, to fuel growth and meet contingency-related requirements. The Kolkata-based conglomerate made the announcement of the cash transfer during a shareholder presentation on December 30.
ITC demerger: Will you get ITC Hotel stocks if you buy ITC on January 6?
ITC demerger set for January 01, buy ITC by January 03 for hotel shares. Learn about share allocation and impact!
ITC shares gain nearly 1% after demerger of its hotels business into ITC Hotels effective today
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 will continue with ITC.
ITC Hotels demerger effective January 1: What shareholders should know
The much-awaited demerger of ITC Hotels will come into effect from tomorrow, January 1. The move will benefit nearly 36 lakh shareholders of the diversified Kolkata-based conglomerate. The record date for ITC shareholders has been fixed for January 6.
ITC shares rise 0.67% following hotels business demerger
ITC Ltd's shares rise by 0.67% on BSE post hotels business demerger, transferring stake to ITC Hotels Limited.
ITC Hotels share listing price can go up to Rs 300 after demerger. What brokerages say
Shares of ITC Hotels are expected to list between Rs 200-300 after its demerger from ITC. The record date is January 6, with the listing likely before mid-February. Shareholders will receive one ITC Hotels share for every 10 ITC shares.
Buy ITC shares, ITC Hotels demerger positive, says Centrum; here's target price
The demerger will help the new entity in attracting appropriate investors and strategic partners, whose strategies and risk profiles are aligned more sharply with the hospitality industry.
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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 ...
ITC Hotels to have zero debt balance sheet cash equivalents of ₹1,500 crore
ITC Hotels, as a new entity post demerger, will have a strong zero debt balance sheet with cash and cash equivalents of ...
India Infoline3d
ITC confirms Hotel listing within 60 days of December 16 order
ITC Hotels is transferring significant assets, including interests in Fortune Park Hotels and Srinivasa Resorts, and ₹1,500 ...