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Shares of ITC Hotels have actually been attributed to the Demat accounts of qualified ITC investors adhering to the quantity
ITC Share Price
Shares of ITC Hotels have actually been attributed to the Demat accounts of qualified ITC investors adhering to the quantity. The quantity was introduced on Saturday, January 11, and the shares were attributed to Demat accounts on Monday, January 13.
ITC investors got an SMS alert from their vault (NSDL/CDSL) on Monday pertaining to the credit scores of ITC Hotels shares to their Demat accounts.
These ITC Hotels shares are currently noticeable in the Demat accounts of qualified investors, yet they are presently revealed as a dummy ticker. Shareholders can see the variety of ITC Hotels shares attributed to their accounts, although these shares hold no worth presently.
ITC Hotels Share Allotment Details
According to the demerger plan, the share quantity proportion is 10:1. On January 11, ITC Ltd introduced the quantity of ITC Hotels shares to its investors that held ITC shares in their Demat accounts since the document day (January 6, 2025). An exchange declaring by ITC Limited disclosed that 125,11,71,040 equity shares (125.11 crore) of ITC Hotels have actually been set aside to qualified investors.
Face Value of ITC Hotels Shares
Each share of ITC Hotels has a stated value of Re 1.
Under the demerger plan, ITC investors have actually obtained one share of ITC Hotels for every single 10 shares kept in the moms and dad business, ITC.
As of January 11, 2025, ITC Hotels is no more a subsidiary of ITC Ltd.
âThe Board of Directors of ITC Hotels Limited (ITCHL) fulfilled on January 11, 2025, and set aside 125,11,71,040 equity shares of Re 1 each to the investors since the Record Date (January 6, 2025), based on the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013,â said ITC in the filing.
âConsequently, ITC Hotels Limited has ceased to be a subsidiary of ITC Limited effective January 11, 2025,â the declaring included.
ITC Hotels Share Listing Date
ITC Hotels shares will certainly be noted on the NSE and BSE, with trading anticipated to start after the listing. While the listing day has actually not yet been introduced, ITC formerly mentioned that ITC Hotels would certainly note within 60 days of the demerger authorization from the NCLT, dated December 16, 2024. As such, the listing is anticipated to happen prior to mid-February 2025.
According to ITCâs most recent declaring, ITC Hotels shares will certainly be noted on the NSE and BSE when trading authorization is given by the stock market. Until after that, the shares will certainly stay icy.
Before the listing, ITC Hotels shares will certainly look like a dummy ticker on both the Nifty 50 and BSESensex ITC Hotels will certainly be included as the 51st supply in the Nifty 50 index and the 31st supply in the Sensex.
Once trading starts, ITC Hotels shares will certainly be omitted from the Nifty 50 and BSE Sensex on the 3rd day after trading beginnings. If the shares struck the circuit restriction, the exemption will certainly be delayed by 2 days each time.
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