HBI Staff | Hyderabad 
ITC Hotels Ltd., the hospitality arm of ITC Ltd., is poised to begin trading on the NSE and BSE by January 29, 2025, marking a significant milestone in the company’s history. The demerger of ITC Hotels as a separate entity, effective January 1, 2025, is part of ITC’s strategy to unlock value and strengthen its position in the hospitality sector.
The demerger process was finalized during a special pre-open session on January 6, where ITC’s hotel assets were separated from its core business. This move has positioned ITC Hotels as an independent entity valued at ₹26 per share. As part of this process, ITC allotted 125.11 crore equity shares of ITC Hotels to its shareholders.
ITC Hotels, now India’s second-largest hotel chain, boasts an impressive portfolio of 140 properties and 12,965 keys under its iconic brands, including ITC Grand Bharat and WelcomHotel. These luxury and premium properties are spread across major cities and tourist destinations, cementing ITC Hotels’ reputation for exceptional service and sustainability initiatives.
The tentative listing date for ITC Hotels is January 29, 2025, subject to pending approvals from SEBI and stock exchanges under the Listing Obligations and Disclosure Requirements Regulations, 2015. Once listed, ITC Hotels’ shares will continue to feature in key global indices such as MSCI and FTSE Global Indices.
An ITC spokesperson confirmed that the company is on track to meet the 60-day deadline for listing following the demerger. Until trading permissions are granted, the newly allotted shares will remain frozen.
The demerger aligns with ITC’s vision to streamline its business verticals and enhance shareholder value. ITC Hotels is now better positioned to focus on scaling its operations and catering to the rising demand in India’s growing hospitality market.
The separation also enables ITC Hotels to independently attract investment and pursue growth opportunities, particularly in luxury and upscale segments, where demand is surging due to a robust travel and tourism recovery post-pandemic.
ITC Hotels’ entry into the stock market is expected to generate significant interest, given its strong portfolio and market leadership. Analysts predict that the company will attract attention from both domestic and international investors seeking exposure to India’s booming hospitality sector.
source NDTV profit
