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The Rs 455.8 share price of ITC Ltd was down 5.6 per cent or Rs 27 from the previous session’s closing price.
ITC Share Price.
As the hotel arm spins off, the shares of cigarettes-to-FMCG conglomerate ITC Ltd has been assigned a price of Rs 455.8 apiece. A special trading session was conducted on the stock exchanges on Monday for the price discovery of ITC Ltd as its hotel business separates, which is expected to be listed separately in February.
The Rs 455.8 share price was down 5.6 per cent or Rs 27 from the previous session’s closing price.
However, the price falls later. As of 10:47 am, on the BSE, shares of ITC Ltd were on Monday trading at Rs 451.8 apiece. On the NSE, the stock was trading at Rs 451.65 on Monday morning.
ITC shares will undergo a pre-opening session for price discovery between 9:00 AM and 9:45 AM, after which normal trading will resume at 10:00 AM. This follows the long-awaited demerger of ITC Hotels, which became effective on January 1, 2025.
Eligible shareholders will receive shares of ITC Hotels in their accounts post the record date.
ITC shares will remain part of the indices for three trading days. However, if the stock hits the circuit limit on the first two days, its removal from the indices will be delayed by an additional three days.
