Nuvama’s analysis of ITC Hotels’ demerger points to its inclusion in the MSCI Global Small Cap Indexes as a key milestone. Scheduled for adjustments on January 6, 2025, the MSCI Price Adjustment Factor (PAF) will play a pivotal role in determining ITC Hotels’ valuation. Nuvama highlights that FTSE indices may follow suit, provided ITC Hotels lists within 20 working days post-demerger.
This inclusion is expected to enhance ITC Hotels’ visibility among global investors and drive incremental fund inflows. However, the report notes that listing delays could create challenges for timely inclusion in global indices, which might impact liquidity in the short term.
Disclaimer: This article is based on Nuvama’s research report and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
