3 months ago

ITC share price dips ahead of ITC Hotels demerger record date. Should you buy?

ITC share price dropped more than a percent on Friday ahead of its demerger record date next week. The company has set ITC Hotels demerger record date as January 6 and ITC shares will turn ex-date for the demerger on that day. This means 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. Hence, today is the last day to buy ITC shares to receive ITC Hotels shares following the demerger on the stock exchanges.

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