
ITC Hotels shares have started to reflect in the demat accounts of ITC shareholders as of Monday. The company confirmed the credit of shares under ISIN INE379A01028, marking a significant milestone in the demerger process.
Demerger Details:
- ITC Hotels was spun off from ITC Limited as part of a strategic restructuring aimed at unlocking shareholder value and enhancing operational focus.
- Shareholding Ratio: Shareholders of ITC received 1 share of ITC Hotels for every 10 shares held in ITC Limited as of the record date.
- The demerger will allow ITC Hotels to focus on its core hospitality business, while ITC Limited retains its diversified portfolio across FMCG, cigarettes, paperboards, and other segments.
The listing of ITC Hotels on the exchanges is highly anticipated, with analysts expecting significant interest due to its robust presence in the hospitality sector. ITC Hotels operates under premium brands such as ITC Grand Bharat, ITC Mughal, and others, reflecting a strong portfolio in the luxury and upscale market.
Next Steps:
Shareholders can now check their demat accounts for credited shares under the provided ISIN. The listing date for ITC Hotels shares on the exchanges is expected to be announced soon.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making investment decisions.