India The hotel business of veteran FMCG Group ITC Limited is now completely separated. After separating from ITC Limited, ITC Hotels Limited shares were listed in the stock market today i.e. on Wednesday, January 29. However, the first day for the company’s shares was very bad and they got a lower circuit on the day of listing. ITC Hotels shares were listed at Rs 188 on BSE. The company’s shares started trading at the price of Rs 180 on NSE.
Lower circuit put in shares of ITC Hotel on BSE
However, shortly after the listing, ITC Hotels shares closed at Rs 178.60 with a lower circuit of 5 percent on BSE. Whereas, the company’s shares on NSE are trading at a price of Rs 175.00 with a decline of Rs 5.00 (2.78 percent). Till the news was written, the company’s market cap was at Rs 36,389.28 crore. Let us tell you that the division of hotel business of ITC came into force on 1 January 2025. ITC fixed a record date for this on 6 January. With this move, ITC Hotels has separated from its original company ITC Limited. Let us tell you that ITC Limited shareholders have 1 shares of ITC Hotels on every 10 shares.
ITC Limited shares continue to fall
Along with ITC Hotels as well as ITC shares, there is a decline once again. On Wednesday, the company’s shares were trading at a price of Rs 431.90 with a decline of Rs 3.55 (0.82%) on NSE. The company’s shares, which closed at a price of Rs 435.45 with a decline on Tuesday, opened at a price of Rs 435.95 with a slight increase today. By the time the news was written, the company’s shares had traveled from Intrade High to Rs 430.10 to Intrade Low of Rs 437.50 on NSE. The current market cap of ITC Limited is Rs 5,40,443.33 crore.
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