ITC Hotels Share Price Slumps 31% on NSE India Listing Day
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Last updated on January 30th, 2025 at 12:55 pm
The opening fell significantly short of what the just demerged hospitality giant, ITC Hotels, achieved when it listed today. On NSE India, the ITC Hotels share price was fixed at Rs 180 per share, down 31% from implied value. Market watchers have taken close note of the ITC Hotels listing because it is one of the major demergers in recent times.
The ITC Hotels listing structure indicates a split strategy as the public shareholders now possess 60% shareholding, the parent 40%.
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The initial share price performance of ITC Hotels has given its management confidence in the company’s standalone growth trajectory, which has a market capitalization of more than Rs 37,461 crore..