ITC demerger: ITC demerger: Stock exchanges to hold special session today to set ITC Hotels share price
Stock exchanges BSE and NSE will hold a special pre-open trading session today from 9 am to 10 am in bluechip ITC shares as part of a price discovery process for ITC Hotels which is getting demerged from the parent company.
For about 36 lakh shareholders of Kolkata-based diversified conglomerate ITC Ltd, today (January 6) is the record date for the much-awaited demerger of the company’s hotel business.
While ITC Hotels shares will not get listed today, bourses will create a dummy ticker and include it as the 51st Nifty stock and 31st Sensex stock till the actual listing happens in the next few weeks. Until then, you can’t buy or sell ITC Hotels shares.
ITC share price to fall after demerger
Under the special call auction session, ITC Hotels…
