Wed Jan 29 11:31:40 UTC 2025: ## ITC Hotels Shares Debut on Stock Exchanges at 30% Discount
**Mumbai, January 29:** ITC Hotels, the hospitality arm spun off from FMCG giant ITC Limited, made its debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today. However, the listing saw a significant 30% discount on the discovered price.
The demerger of ITC Hotels from its parent company, which became effective on January 1st, allowed for the independent listing. While the discovered price was ₹270 on the BSE and ₹260 on the NSE, shares opened at ₹188 on the BSE (a 30.37% discount) and ₹180 on the NSE (a 30.77% discount). Trading further dipped, hitting an intraday low of ₹178.60 on the BSE, triggering a 5% lower circuit breaker.
The demerger ratio was 1:10, meaning existing ITC shareholders received one ITC Hotels share for every 10 ITC shares held. ITC Limited retained a 40% stake in the new entity, with the remaining 60% distributed to shareholders. The National Company Law Tribunal (NCLT), Kolkata bench, approved the demerger scheme on December 16, 2023.
ITC Hotels operates over 140 hotels across 90 locations under six distinct brands.
First Piper 