ITC hotels shares are in a buzz due to the announcement of its listing and allotment date. Let’s learn more about the company and its respective dates.
About the Company
ITC Hotels Limited combines India’s well-known custom of warmth and hospitality with internationally recognized amenities and services in more than 140 hotels spread over 90 destinations under six dynamic brands. The leading luxury chain of hotels in India, ITC Hotels, was established in 1975 and has since come to represent Indian hospitality.
Using the advantages of ITC companies’ excellent environmental policies, ITC founded the idea of “Responsible Luxury” in the hospitality sector. Responsible Luxury embodies a philosophy that combines cutting-edge green design features with top-notch eco-friendly practices to provide the highest level of luxury in the most environmentally friendly way.
ITC Hotels Share Allotment Date
ITC Ltd has given its stockholders equity interests in hotels worth 125.11 crore. Following an agreement between ITC Hotels and ITC Limited, the decision was made at a board meeting on January 11, 2025. On Saturday, January 11, the allocation was made public. On 13 January, the demat accounts marked the attribution of shares as they were credited on Monday.
The shares credited to the demat accounts of the people are currently seen as dummy ticker and at the moment they hold no value, but the shareholders will definitely be able to watch the number of shares credited.
ITC Hotels Listing Date
ITC has provided an update regarding the date on which ITC Hotels shares would go public. As per ITC’s most recent filing, ITC Hotels will submit the required paperwork to list its shares. Shares of ITC Hotels will stay frozen until the NSE and BSE stock markets authorize listing or trading. The NSE and BSE will both list shares of ITC Hotels.
Anticipated: Expected around mid-February 2025.
Financial Analysis
Since the start of this year, the value of the hotel was in reports due to the demerger that was decided by the hotel chain last year. The hotel business worth is being split and has been reflected in the downward adjustment of the ITC share price. Additionally, the demerger’s ex-date, January 6th, saw a sharp decline in the price of ITC shares. This modification took into account the hotel’s value division separation from the main firm.
Final Verdict
Because of the hotel business’s demerger from ITC Limited, ITC Hotels’ shares had already been in the news for a long time, and now its listing and allotment date have gained the investors’ attention once again. Overall, India’s hospitality sector is expanding significantly, and ITC Hotels is ideally positioned to benefit from this development thanks to its robust brand and wide range of offerings.
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