Thu Jan 02 08:14:12 UTC 2025: ## ITC Hotels Begins Independent Trading After Demerger
**Mumbai, January 4, 2025** – ITC Hotels (ITCHL), the newly demerged hospitality arm of ITC Limited, commenced independent trading today, with its stock showing a modest 0.47% increase. The demerger, approved by the National Company Law Tribunal (NCLT) Kolkata on December 16th, 2024, is expected to see ITC Hotels fully listed within the next 30-40 days. The record date for the demerger is January 6th, with the stock participating in a special pre-open session (SPOS).
According to SEBI regulations, the listing must occur within 60 days of receiving the NCLT order. Nuvama Alternative and Quantitative predicts ITC Hotels will temporarily appear on the Nifty 50 and Sensex indices at a constant price—reflecting the difference between ITC’s January 3rd closing price and its January 6th SPOS opening price. It will become the 51st constituent of Nifty 50 and 31st of Sensex, remaining for three days post-listing before removal, unless circuit limits are hit, delaying the exclusion.
Nuvama brokerage anticipates a price adjustment of Rs 22-25 for ITC on the ex-date (January 6th), and estimates ITC Hotels will debut on the stock market at Rs 150-175 per share.
First Piper 