ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years
Trending News
1 month, 3 weeks ago

ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years

Live Mint  

New Delhi, Jan 29 ITC Hotels -- the new entity after the demerger of the hotels business of diversified conglomerate ITC Ltd that listed on the stock exchanges on Wednesday -- said it plans to expand its portfolio to over 200 hotels over the next five years. "Debuting with a zero-debt balance sheet and a cash/cash equivalents of ₹1,500 crore to cater to planned growth and contingency requirements, ITCHL is now listed for trading on the stock exchanges," ITC Hotels said. Speaking at the listing programme at the NSE, ITC Hotels Ltd Chairman Sanjiv Puri said, "Today is indeed a landmark moment in ITC's journey. ITC Hotels Ltd Managing Director Anil Chadha said, "We aim to be a global leader in Indian hospitality driven by our core ethos of customer centricity, high performance and steadfast commitment to sustainability."

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History of this topic

What should investors expect from the ITC Hotels demerger?
2 weeks, 6 days ago

What should investors expect from the ITC Hotels demerger?

Live Mint  

New Delhi: 29 January was meant to be a special date for ITC Hotels, one that marked a new beginning. “Amid sectoral tailwinds, we expect ITC Hotels’ India occupancy to ramp up from 69% in FY24 to 75% in FY27," it added. Asset-light strategy Amid a flurry of expansion by its rivals in the hospitality industry, ITC Hotels, with a …

ITC Hotels share price falls 3% as BAT looks to divest stake
1 month, 1 week ago

ITC Hotels share price falls 3% as BAT looks to divest stake

Live Mint  

Shares of recently-listed ITC Hotels declined over 3% in intra-day trade on Friday, February 14, after British American Tobacco Plc, the biggest shareholder after ITC, said it will pare its stake in the hotels business by next year. ITC Hotels Share Price Impact ITC Hotels share price following BAT's divestment plans declined 3.44% to the day's low of ₹164.05 apiece. …

ITC Hotels set for growth: Jefferies initiates with ‘buy’, sets target at ₹240, a potential upside of 40%
1 month, 2 weeks ago

ITC Hotels set for growth: Jefferies initiates with ‘buy’, sets target at ₹240, a potential upside of 40%

Live Mint  

Foreign brokerage Jefferies has initiated coverage on ITC Hotels Ltd, the demerged hotels business of ITC, with a 'Buy' rating, citing potential for a valuation rerating. Earnings and Valuation Outlook Jefferies estimates ITC Hotels’ EBITDA and PAT to grow at a compounded annual rate of 16 percent and 19 percent, respectively, over FY24-27. Jefferies further projects ITC Hotels’ revenue to …

ITC Hotels shares to be removed from Sensex and other BSE indices today
1 month, 3 weeks ago

ITC Hotels shares to be removed from Sensex and other BSE indices today

Live Mint  

ITC Hotels share price will be in focus on Wednesday as the stock will be removed from Sensex and other BSE indices before trading begins on today, February 5, 2025. As the ITC Hotels shares did not hit lower circuit till the cut-off time on Tuesday, February 04, 2 pm, it will be removed from the BSE indices. Additionally, ITC …

Two days after public debut, ITC Hotels shrugs off listing volatility
1 month, 3 weeks ago

Two days after public debut, ITC Hotels shrugs off listing volatility

Live Mint  

Shares of ITC Hotels made their much-anticipated debut on the stock exchanges on 29 January following its demerger from parent company ITC Ltd. According to ITC’s exchange filing, the total acquisition cost was split, with ITC shares retaining 86.49% of their pre-demerger value and ITC Hotels accounting for 13.51%. In Q2FY25, ITC Hotels reported 12% year-on-year revenue growth, with its …

ITC Hotels lists on stock exchanges; shares decline 5 pc on BSE
Trending News
1 month, 3 weeks ago

ITC Hotels lists on stock exchanges; shares decline 5 pc on BSE

Live Mint  

New Delhi, Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, on Wednesday slipped up to 5 per cent in its debut on the stock exchanges. Separately, ITC, in a regulatory filing, informed that ITCHL received approval from the National Stock Exchange of India Ltd and BSE Ltd for listing and trading of its equity …

ITC Hotels Share Price: Debuts on bourses, set to expand portfolio to over 200 hotels in 5 years
1 month, 3 weeks ago

ITC Hotels Share Price: Debuts on bourses, set to expand portfolio to over 200 hotels in 5 years

The Hindu  

ITC Hotels, the new entity formed consequent to the demerger of ITC’s hospitality business, got listed on the stock exchanges on Wednesday, and with it, also announced plans to expand its portfolio to over 200 hotels in five years. From the more than 140 properties with 13,000 keys across 90 plus locations it operates now, the plan is to expand …

ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger
Top News
1 month, 3 weeks ago

ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger

Hindustan Times  

ITC Hotels Ltd shares got listed at a discovery price of ₹180 per share on the National Stock Exchange on Wednesday, January 29, 2025. Also 60% of ITC Hotels is still owned by ITC, while 40% was distributed to other shareholders in the aforementioned ratio. This is a discount of nearly 31% from its implied price of ₹260 per share …

ITC Hotels share price: Demerged hotel biz to list on BSE, NSE today, check details
1 month, 3 weeks ago

ITC Hotels share price: Demerged hotel biz to list on BSE, NSE today, check details

Hindustan Times  

ITC Hotels share price: ITC Hotels will be making its debut on the Bombay Stock Exchange and the National Stock Exchange on Wednesday, January 29, 2025, according to its regulatory filing. ITC Hotels share price: Surrounded by the Aravalis, Mementos by ITC Hotels, Ekaaya offers stunning vistas of the verdant valley below, while the sky complements its beauty. 1) ITC …

ITC Hotels to list on BSE, NSE tomorrow. Check eligibility and other key details
1 month, 3 weeks ago

ITC Hotels to list on BSE, NSE tomorrow. Check eligibility and other key details

India Today  

ITC Ltd announced in a recent exchange filing that ITC Hotels is set to be listed on the Bombay Stock Exchange and National Stock Exchange on Wednesday, January 29. This means that those shareholders who, as of January 6, 2025, owned 10 shares of ITC, will get one share of ITC Hotels. On January 11, ITC Ltd. allotted equity shares …

ITC Hotels to list on NSE & BSE on January 29; details here
1 month, 3 weeks ago

ITC Hotels to list on NSE & BSE on January 29; details here

Live Mint  

Kolkata-based diversified conglomerate ITC Ltd announced on Monday that ITC Hotels, which was recently spun off from the parent company, will be listed on the stock exchanges on January 29. "ITCHL has received approval from the National Stock Exchange of India Limited and BSE Limited for listing and trading of its equity shares effective 29th January 2025," ITC said in …

ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares
2 months, 2 weeks ago

ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares

Live Mint  

ITC Demerger: Indian conglomerate ITC shares finally traded ex-demerger on Monday, January 6, reflecting the separation of the hotel business. Key Details of the Demerger Demerger Ratio: ITC Hotels’ demerger ratio is 1:10, meaning shareholders will receive one share of ITC Hotels for every 10 ITC shares held. Analysts Weigh In The demerger of ITC Hotels is viewed as a …

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details
2 months, 3 weeks ago

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details

Live Mint  

ITC Hotels Demerger: ITC share price will remain in focus this week as the demerger of its ITC Hotels will come into effect from tomorrow. Here are key details of ITC Hotels demerger: ITC Hotels Demerger Key Details ITC Hotels Demerger Record Date: ITC Hotels demerger record date is January 6. This means ITC shareholders whose names will appear in …

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details
2 months, 3 weeks ago

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details

Live Mint  

ITC Hotels Demerger: ITC share price will remain in focus this week as the demerger of its ITC Hotels will come into effect from tomorrow. Here are key details of ITC Hotels demerger: ITC Hotels Demerger Key Details ITC Hotels Demerger Record Date: ITC Hotels demerger record date is January 6. This means ITC shareholders whose names will appear in …

Stock Check: ITC’s demerger announcement sparks investor interest: What’s next for the conglomerate?
3 months, 1 week 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 …

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details
Trending News
3 months, 1 week 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-ITC Hotels demerger to unlock value for company, says Nuvama Equities
1 year, 7 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 hotels unit stock expected to be valued in ₹15-27 range
1 year, 8 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 board gives in-principle nod for demerger of hotels business
1 year, 8 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 aims to match revenues from managed hotels to that from owned properties
6 years, 7 months ago

ITC aims to match revenues from managed hotels to that from owned properties

Live Mint  

Kolkata: After years of pursuing growth by building properties across India, ITC Ltd is looking to raise the share of revenue from managed hotels in a bid to shore up shareholder returns from the segment. Currently, ITC’s hotels division earns 60% of its revenue from owned properties. For the past few years, the division has been under pressure because of …

ITC set to spread wings
12 years, 6 months ago

ITC set to spread wings

The Hindu  

The ITC group is in the process of expanding its hotel chain in the country even as it is well on course to set up its maiden venture overseas with a Greenfield project in Sri Lanka. “We have a huge investment plan for hotels,” ITC Ltd Chairman Y. C. Deveshwar told presspersons after the inauguration of ITC Grand Chola, a …

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