ITC Hotels’ stock will be removed from Sensex and other BSE indices before trading begins today, February 5, 2025. The stock, which was temporarily included for portfolio rebalancing, will now face passive selling pressure of over ₹400 crore by index trackers. Another ₹700 crore worth of selling may follow when it exits the NSE Nifty 50.
ITC Hotels Listing & Performance
-
Listed on: January 29, 2025
- BSE Listing Price: ₹188 | NSE Listing Price: ₹180
- Market Cap Decline: From ₹39,000 crore to ₹34,266 crore
- Tuesday’s Closing Price: ₹164.65 (-4.16%)
ITC Hotels Demerger
-
Demerger Ratio: 1:10 (1 ITC Hotels share for every 10 ITC shares)
- ITC Ltd’s Stake: 40%, remaining 60% with shareholders
- Effective Date: January 1, 2025 | Record Date: January 6, 2025
Growth & Expansion Plans
ITC Hotels, one of India's largest hotel chains, currently operates 140 hotels with ~13,000 keys and aims to expand to 200+ hotels and 18,000+ keys by 2030. It has a strong financial position, with a net cash surplus and minimal debt, making it well-positioned for future growth.
