In today’s pre-open session for ITC Hotels’ price discovery, the share price of parent company ITC was adjusted to ₹26 per share on the NSE. Both stock exchanges, BSE and NSE, held a special session from 9:00 AM to 10:00 AM for ITC Limited shares, as today marks the record date for the demerger.
Trading in equity and F&O segments for ITC started at 10:00 AM. After the equilibrium price was discovered during the call auction session, ITC shares adjusted to ₹455.6 on NSE and ₹455 on BSE. The demerger of ITC Hotels officially took effect on January 1, and ITC shares became ex-demerger on January 6. Shareholders with ITC shares in their demat accounts will receive ITC Hotels shares as per the demerger terms. For every 10 shares of ITC held, shareholders will receive 1 share of ITC Hotels.
Special Trading Session Ends
The special session held to determine the share price of ITC Hotels has concluded. ITC shares fell by ₹26 (5.4%) to ₹455.60 on the NSE and ₹27 (5.6%) to ₹455 on the BSE.
ITC Demerger Scheme: Key Benefits for Investors
Under the ITC Demerger Scheme, ITC shareholders will receive 1 share of ITC Hotels Ltd. for every 10 shares of ITC held. These ITC Hotels shares will be credited to the demat accounts of eligible shareholders after the demerger. The trading of ITC Hotels shares will begin once they are listed, with the listing date to be decided in the future.
ITC Hotels Demerger Ex-Date: When Should You Buy?
Many investors are wondering if purchasing ITC shares today (January 6) would make them eligible for ITC Hotels shares. The answer is no. Since January 6 is the record date, the last date for purchasing ITC shares and being eligible for ITC Hotels shares was January 3, 2025. Anyone buying ITC shares on January 6 or later will not be eligible to receive ITC Hotels shares.
Listing Date for ITC Hotels Shares
ITC Hotels shares will be listed on both the NSE and BSE, but the exact listing date will be announced soon. According to ITC, the shares are expected to be listed within 60 days of the demerger, which could happen by mid-February 2025.
How Will ITC Hotels Trade During This Period?
During this period, ITC shares will remain in the index for three days. If ITC Hotels stock reaches its circuit limit on the first two days, trading will be extended for an additional three days. After two consecutive days of hitting a circuit limit, the stock will be removed from the index on the third day, even if it hits an upper circuit on the third day. Following this, ITC Hotels will trade as a separate company on the exchange.
