Wed Jan 29 09:01:42 UTC 2025: ## ITC Hotels Makes Separate Stock Market Debut
**Mumbai, January 29, 2025** – ITC Hotels, the hospitality arm of ITC Limited, commenced trading independently on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today. Shares were already credited to shareholders’ accounts prior to the listing. While anticipation is high, brokerages offer varying predictions on the initial listing price.
Estimates range widely. Nuvama predicts a listing price between ₹150 and ₹175, while Sharekhan anticipates a premium listing between ₹150 and ₹170. Nomura, however, projects a significantly higher listing price of ₹200-₹300, with a potential market capitalization of ₹42,500 crore to ₹62,200 crore.
ITC Limited closed at ₹435.25 on Tuesday, January 28th, down 1.08%. ITC Hotels shares were issued at a ratio of 1:10 (one ITC Hotels share for every ten ITC shares held), with the record date being January 6th.
Interestingly, while ITC Hotels will initially be part of the benchmark indices BSE Sensex and Nifty 50, this inclusion is temporary, lasting only three trading days unless a circuit breaker is triggered.
First Piper 