ITC Hotels Demerger Live Updates: BSE, NSE hold special session to discover ITC Hotels share price
ITC Hotels Demerger Live Updates: ITC Hotels demerger record date is today and ITC shares will turn ex-date for the demerger today. The stock exchanges, BSE and NSE are holding a special trading session to discover the fair price of ITC Hotels stock. ITC shareholders whose names will appear in the company’s books as of Monday, January 6 record date, will be eligible for ITC Hotels shares. ITC Hotels demerger ratio is 1:10, i.e. shareholders will get one share of ITC Hotels for every 10 ITC shares held. ITC Hotels share listing will be done separately and the listing date is yet to be announced. Stay tuned to our ITC Hotels Demerger Live Blog for the latest updates.
ITC Hotels Demerger Live: ITC Hotels shareholding pattern
ITC Hotels Demerger Live:ITC Hotels will issue equity shares directly to the shareholders of ITC in a manner that about 60% stake is held directly by ITC shareholders proportionate to their shareholding in ITC and remaining about 40% stake to continue with ITC. Overall, existing ITC shareholders will hold 100% of ITC Hotels, i.e. about 60% directly and balance of about 40% through their shareholding in ITC.
ITC Hotels Demerger Live: ITC Hotels to be included in Nifty 50, Sensex
ITC Hotels Demerger Live: ITC Hotels will be 51st constituent in Nifty 50 and 31st constituent in Sensex and daily will be considered in weight calculations of Index. However as it is not traded live so its market-cap and price will remain constant until it lists. Post its listing for three trading days, live market-cap will be considered to calculate weight in all the indices, said brokerage firm Nuvama.
ITC Hotels Demerger Live: ITC Hotels stock to be maintained in all NSE, BSE indices at constant price
ITC Hotels Demerger Live: ITC Hotels shares will be maintained in all the NSE and BSE indices at a constant price i.e., the discovered price during the special pre-open session on January 6. However, ITC Hotels stock will be dropped from all the NSE and BSE indices at the last traded price which is effective at the open of ITC Hotels listing date + 3 business days.
ITC Hotels Demerger Live: Special trading session from 9 AM to 9:45 AM to discover ITC Hotels share price
ITC Hotels Demerger Live: BSE and NSE are conducting a special pre-open session from 9.00 am to 9.45 am to discover ITC Hotels stock price. Normal trading in ITC shares will resume at 10.00 am onwards. ITC Hotels share price will be calculated based on the difference between the closing prices of ITC shares on January 3, 2025, and the open price of ITC discovered during the SPOS (special pre-open session) on January 6, 2025.
ITC Hotels Demerger Li: BSE, NSE hold special session to set ITC Hotels share price
ITC Hotels Demerger Live: ITC Hotels demerger record date is today, January 6, and ITC shares will trade ex-demerger today. The Indian stock exchanges, BSE and NSE, are holding a special trading session to derive the ITC Hotels share price.