ITC Hotels Limited (ITCHL), the hospitality arm of ITC Limited, is set to commence trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on January 29, 2025. This development follows the successful demerger of ITC’s hotel business into a separate entity, allowing ITC Hotels to focus on its growth trajectory in the hospitality sector.
On January 1, 2025, the demerger of ITC Hotels from its parent company, ITC Limited, became effective. As part of this process, ITC Hotels allotted 1 equity share of Re. 1 each for every 10 ordinary shares of ITC held by shareholders as of the record date, January 6, 2025. These shares were credited to shareholders’ demat accounts between January 13 and 14, 2025.
Listing Details
The shares of ITC Hotels will be listed and traded on both the NSE and BSE starting January 29, 2025. This listing marks a significant milestone for ITC Hotels, providing it with greater visibility and access to capital markets to support its expansion plans.
The demerger and subsequent listing of ITC Hotels are strategic moves aimed at unlocking value and enabling both ITC Limited and ITC Hotels to focus on their core businesses. For ITC Hotels, this separation allows for a more targeted approach to growth in the hospitality industry, leveraging its established brands and extensive portfolio of over 100 hotels across India and Sri Lanka.
Investor Considerations
Shareholders of ITC Limited as of the record date are now direct stakeholders in ITC Hotels, holding shares in the newly listed entity. Investors should monitor the performance of ITC Hotels post-listing, considering factors such as market conditions, the company’s financial health, and its strategic initiatives in the hospitality sector.
While the listing of ITC Hotels is scheduled for January 29, 2025, other key dates related to ITC Limited and its subsidiaries are also mentioned for investors:
- January 6, 2025 – Record date for the demerger.
- January 13-14, 2025 – Credit of shares to shareholders’ demat accounts.
- January 29, 2025 – Listing of ITC Hotels on the NSE and BSE.
- February 2025 (Tentative) – ITC Hotels to release its first financial report as an independent entity post-demerger.
