ITC Hotels Makes a Splash: Shares Debut at ₹180 on NSE

---

In a landmark moment for the hospitality sector, ITC Hotels has officially listed its shares on the stock exchanges today, debuting at ₹180 on the National Stock Exchange (NSE) and ₹188 on the Bombay Stock Exchange (BSE).

This much-anticipated ITC Hotels listing follows the company’s recent demerger from ITC Ltd., aimed at unlocking value for shareholders.

The ITC Hotels share price of ₹180 on the NSE reflects a 31% discount compared to its last discovered valuation of ₹260 per share.

Meanwhile, the ITC hotel share price on the BSE opened at ₹188, also falling short of earlier expectations.

As of 10:01 AM EAT, the ITC Hotels share price today NSE was quoted at approximately ₹179.9, indicating a slight decline shortly after its market entry.

The demerger, effective January 1, 2025, allowed shareholders of ITC Ltd. to receive one share of ITC Hotels for every ten shares held as of January 6, 2025.

This strategic move has resulted in existing ITC shareholders holding about 100% of ITC Hotels—60% directly and 40% through their stake in ITC.

Market analysts had predicted potential selling pressure on the opening day, as many investors might look to capitalize on initial gains.

This sentiment was reflected in the early trading activity, where shares dipped nearly 5% shortly after listing.

Looking ahead, ITC Hotels aims to expand its portfolio significantly from its current count of 140 properties to over 200 hotels by 2030.

The company is also exploring international markets in neighboring countries and West Asia.

With plans to adopt an asset-light growth model focusing on management agreements, ITC Hotels is set to enhance its presence in the hospitality industry.

As ITC Hotels embarks on this new chapter, all eyes will be on how the ITC hotel shares perform in the coming days, especially with their inclusion in key benchmark indices like Sensex and Nifty for three trading days before removal.

Also Read