Stock Check: ITC’s demerger announcement sparks investor interest: What’s next for the conglomerate?
3 weeks ago

Stock Check: ITC’s demerger announcement sparks investor interest: What’s next for the conglomerate?

Live Mint  

ITC, a leading multi-industry conglomerate, has garnered significant attention following its announcement to demerge its hotel business, set to take effect on January 1, 2025. After the demerger, ITC will retain a 40 per cent stake in ITC Hotels, while the remaining 60 per cent will be distributed to shareholders. ITC's Stock Performance Overview Despite the positive developments, ITC’s stock has shown subdued growth in 2024, adding just over 1 per cent year-to-date, compared to the 10 per cent rise in the Nifty. In the past year, ITC's stock gained approximately 4 per cent. Jigar S Patel, Senior Manager of Technical Research at Anand Rathi Shares and Stock Brokers, highlighted that after a 15 per cent correction from its peak, ITC has established strong support near the ₹450 level.

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History of this topic

ITC share price adjusts ₹27 lower after trading ex-hotels business. Buy or sell?
3 days, 13 hours ago

ITC share price adjusts ₹27 lower after trading ex-hotels business. Buy or sell?

Live Mint  

ITC shares are now trading ex-demerger, which means the value of ITC shares are now ex-hotels business. At the end of a special trading session for the price discovery of ITC Hotels on stock exchanges BSE and NSE, the market has assigned ITC share price of ₹455.60. ITC Hotels share price will be calculated based on the difference between the …

Explained: Why ITC share price fell by 6% today as ITC Hotel to list separately
3 days, 18 hours ago

Explained: Why ITC share price fell by 6% today as ITC Hotel to list separately

India Today  

ITC share price saw a sharp drop of nearly 6% in Monday's early trading, hitting a low of Rs 455. A special pre-open session was conducted on the stock exchanges between 9:00 AM and 9:45 AM to determine ITC Hotels' share price. Based on this, ITC Hotels' share price was discovered at Rs 27 per share on the BSE and …

ITC Hotels Demerger: Stock price calculation, F&O entry to MSCI index inclusion - 6 key things to know
1 week, 1 day ago

ITC Hotels Demerger: Stock price calculation, F&O entry to MSCI index inclusion - 6 key things to know

Live Mint  

ITC Hotels Demerger: ITC share price traded marginally higher on Wednesday, January 1, as today is the effective date for the demerger of ITC Hotels business. As the ITC Hotels demerger has been effective today, here are other key things to know about the demerger: ITC Hotels Stock Price; ITC Share Price Valuation ITC Hotels share price will be calculated …

Stocks to Watch: ITC, RVNL, Hindalco, Adani Green Energy, and Lupin
1 week, 2 days ago

Stocks to Watch: ITC, RVNL, Hindalco, Adani Green Energy, and Lupin

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. ITC: Kolkata-based diversified conglomerate ITC announced that ITC Hotels will be listed on stock exchanges within 60 days of receiving the National Company Law Tribunal order dated December 16, 2024. This development follows the signing of the Coal Mine Development and Production Agreement on November 22, …

ITC fixes January 6 as record date for demerger of its hotels business
3 weeks, 1 day ago

ITC fixes January 6 as record date for demerger of its hotels business

Live Mint  

ITC Hotels Limited and ITC Limited have jointly decided to designate Monday, January 6, 2025, as the Record Date. “We write to advise that the Company and ITC Hotels Limited have mutually agreed to fix Monday, 6 th January, 2025 as the Record Date for the purposes of determining the shareholders of the Company to whom equity shares of ITCHL …

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details
Trending News
3 weeks, 2 days ago

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details

India Today  

Shares of ITC inched higher on Tuesday after the company announced that the demerger of its hotels business, ITC Hotels Ltd, will take effect from January 1, 2025. DETAILS OF THE DEMERGER In its update to the exchanges, ITC stated that both ITC Limited and ITC Hotels Limited have confirmed that all conditions required under Clause 28 of the scheme …

ITC sets January 1, 2025 as effective date for demerger of hotel business
3 weeks, 2 days ago

ITC sets January 1, 2025 as effective date for demerger of hotel business

Live Mint  

ITC Ltd on Tuesday said that the company has fixed January 1, 2025, as the effective date for demerger of its hotel business after receiving an approval order from the National Company Law Tribunal. ITC share price gained over a percent to ₹475.00 apiece on the BSE after the announcement. “The Company has received a certified copy of the Order …

Over 99% of ITC's minority shareholders approve hotel business demerger
7 months ago

Over 99% of ITC's minority shareholders approve hotel business demerger

Hindustan Times  

ITC’s shareholders approved the plan to separate or demerge the hotel business, Reuters reported. As per media reports, proxy advisory firms Stakeholders Empowerment Services and InGovern Research Services last month asked shareholders to support the demerger proposal, while Institutional Investor Advisory Services opposed the move, the article read. "ITC must provide greater clarity with respect to the size of the …

Minority shareholders to benefit from ITC Hotels demerger, will unlock value and improve return ratio
7 months, 1 week ago

Minority shareholders to benefit from ITC Hotels demerger, will unlock value and improve return ratio

Live Mint  

Minority shareholders are expected to benefit from the demerger of ITC's hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG major, as per reports of four proxy advisory firms. The reports from proxy advisory firms, including InGovern Research Services, ISS and SES, come ahead of the June …

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort
1 year, 4 months ago

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort

Live Mint  

ITC Q1 Results Live: ITC Ltd announce its April-June quarter results for fiscal 2023-24 on August 14, reporting a rise of 17.5 per cent in standalone net profit at ₹4,902 crore, compared to ₹4,169.38 crore in the corresponding period last year. ITC Q1 Results Live: Hotel biz demerger: approvals and timelines View Full Image Timelines of listing ITC hotels ITC …

ITC-ITC Hotels demerger to unlock value for company, says Nuvama Equities
1 year, 5 months ago

ITC-ITC Hotels demerger to unlock value for company, says Nuvama Equities

Live Mint  

Domestic brokerage, Nuvama Institutional Equities in its recent report highlighted key points from the recent ITC analyst call following ITC and ITC Hotels demerger. The domestic brokerage reported after the ITC analyst call that the demerger of the hotel division creates value for current ITC shareholders. The newly formed company and ITC will both have West Bengal registered offices, hence …

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger
1 year, 5 months ago

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger

News 18  

Snapping its three-day losing run, cigarettes-to-hotels conglomerate ITC shares rebounded by more than 2% in Wednesday’s trade. ITC shares declined nearly 6% in the three sessions after the company announced a proposal to demerge the hospitality business into a separate company named ITC Hotels Ltd. Shares of the company closed 1.85% lower at Rs 462.20 apiece on BSE on Tuesday …

ITC hotels unit stock expected to be valued in ₹15-27 range
1 year, 5 months ago

ITC hotels unit stock expected to be valued in ₹15-27 range

Live Mint  

Brokerages forecast ITC Hotels' share price to range between ₹15 to ₹27 after demerging its hotel operations into a new firm, named ITC Hotels where it will hold 40% ownership and the remaining 60% will be controlled by shareholders directly. The National Company Law Tribunal's scheme of arrangement was given in principle permission by the ITC board on Monday to …

ITC share price continues to fall for second day after hotel unit demerger
1 year, 5 months ago

ITC share price continues to fall for second day after hotel unit demerger

Live Mint  

ITC share price continued its downward movement for the second staright day on July 25, a day after the company officially announced the demerger of its hotel business. “After due consideration, the board accorded its in-principle approval to the demerger of the hotels business under a scheme of arrangement, with the company holding a stake of about 40 per cent …

Why ITC shares fell 4% after hotel business demerger announcement? - Explained
1 year, 5 months ago

Why ITC shares fell 4% after hotel business demerger announcement? - Explained

Live Mint  

ITC officially announced the demerger of its hotel business on Monday, putting all the rumours to rest. “After due consideration, the board accorded its in-principle approval to the demerger of the hotels business under a scheme of arrangement, with the company holding a stake of about 40 per cent in the new entity and the balance shareholding of about 60 …

ITC board gives in-principle nod for demerger of hotels business
1 year, 5 months ago

ITC board gives in-principle nod for demerger of hotels business

Live Mint  

ITC Ltd. board has given in-principle approval for the demerger of its hotels business and to incorporate a wholly owned subsidiary called ITC Hotels. “After due consideration, the Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance …

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details
1 year, 6 months ago

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details

Live Mint  

Shares of ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. ITC's hotel business demerger has been cited as one of the key triggers for further potential upside on the stock by analysts. Last year, Chairman and Managing Director …

ITC moves NCLT seeking to cancel Hotel Leelaventure sale;hearing on June 18
5 years, 8 months ago

ITC moves NCLT seeking to cancel Hotel Leelaventure sale;hearing on June 18

Live Mint  

The NCLT Wednesday issued notices to promoters of Hotel Leelaventure and its lender JM Financial ARC to reply to an ITC petition seeking a waiver of 10% minimum shareholding for minority shareholders to be counted in management matters and adjounred the matter to June 18. ITC is seeking a waiver of the 10% minimum shareholding requirement to file a petition …

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