ITC Share Share Price: It is a special day for ITC investors as today is the record date for the demerger of ITC Hotels . ITC had announced to separate its hotel business in 2024 and list it as ITC Hotels Ltd. The demerger has become effective from January 1, 2025 and January 6 was declared as the record date.

Special trading session ends

The special session held to determine the share price of ITC Hotels has concluded. ITC share price fell by Rs 26, or 5.4 per cent, to Rs 455.60 on the NSE and by Rs 27, or 5.6 per cent, to Rs 455 on the BSE.

ITC demerger scheme: Investors will get huge benefits

Under the ITC demerger scheme, ITC shareholders will get 1 ITC Hotels Ltd. share for every 10 ITC shares held. These ITC Hotels shares will be credited to the demat accounts of eligible ITC investors after the demerger. However, trading of ITC Hotels shares will commence only when these are listed, which will be decided in the future.

ITC Hotels demerger ex-date: When to buy?

Many investors and traders are curious to know if they can get ITC Hotels shares by buying ITC shares today (January 6). The answer is no. Since January 6 is the record date, the last date till which investors were eligible to buy ITC shares was January 3, 2025. If you have bought ITC shares till January 3, you will be eligible for ITC Hotels shares. Buying ITC shares on January 6 will not get you ITC Hotels shares.

Listing date of ITC Hotels shares

ITC Hotels shares will be listed on NSE and BSE. Its listing date will be announced soon. ITC has said that after the demerger, the listing of ITC Hotels will be done within 60 days, that is, these shares can be listed by mid-February 2025.