ITC Hotels to get listed on January 29 as part of ITC demerger

ANI January 27, 2025 273 views

ITC is launching its hotels division as a standalone listed company on January 29, following a strategic demerger approved by the National Company Law Tribunal. The move will allow shareholders of ITC to receive proportional shares in the new ITC Hotels entity, effectively creating a separate investment opportunity. With over 140 hotels across 90 destinations, the company has a significant footprint in the Indian hospitality sector. This demerger is expected to unlock additional value for investors and provide more transparency in the company's hotel business operations.

"Shareholders holding 10 shares of ITC, as on January 6, 2025, will receive one share of ITC Hotels" - ITC Announcement
New Delhi, January 27: Shares of ITC Hotels will be listed on the exchanges on Wednesday, parent company ITC has announced today.

Key Points

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ITC Hotels separates from parent company through strategic demerger

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Tribunal approves arrangement for new listed entity

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Company operates 140+ hotels across 90 destinations

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Aimed at unlocking shareholder value

In 2024, ITC had decided to demerge its hotel business into a separate listed company, aimed at unlocking value for shareholders.

The National Company Law Tribunal, Kolkata Bench, vide its order dated October 4, 2024, had approved the Scheme of Arrangement between ITC Limited and ITC Hotels Limited and their respective shareholders and creditors.

Reportedly, shareholders holding 10 shares of ITC, as on January 6, 2025, will receive one share of ITC Hotels post the demerger process.

Established in 1975, ITC Hotels now has over 140 hotels across over 90 destinations, solidifying its presence in the Indian subcontinent.

Tags:
ITC Hotels Stock Market Hospitality Industry Corporate Demerger Indian Business
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