The share price of the de-merged entity ITC Hotels trades in the red for the second consecutive session. The stock fell 5% to an intra-day low of Rs 163.25 on Thursday a day after listing. ITC Hotels was listed on NSE and BSE on January 29.

Operating across all hospitality segments, ITC Hotels has a portfolio of hotels through six brands – including ITC Hotels and Mementos in the luxury space, Welcomhotel in upper upscale, Storii in boutique premium experiential segment, Fortune in midscale and WelcomHeritage in heritage leisure.

ITC Hotels made a high of ₹189, before declining 5% to end at its lowest tradeable limit of the day at ₹178.6. The company had a market capitalisation of ₹37,169.71 crore at close on Wednesday. Its parent ITC closed 0.

The demerger of ITC’s hotel business took place on January 1, 2025, with January 6 serving as the record date. This corporate restructuring separated ITC Hotels from its parent company, ITC Ltd.

By Hritam Mukherjee (Reuters) -Shares of ITC Hotels fell in debut trade on Wednesday, following its spin-off from consumer goods firm ITC, valuing the luxury hotels operator at 366.2 billion rupees ($4.

ITC Hotels debuts on stock exchanges with plans to expand to over 200 hotels, focusing on sustainability and luxury experiences.

Notably, the listing price is slightly higher than Nuvama's estimate, which expected the shares to be listed at a range of ₹150-175 per share

Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, listed on the stock exchanges on Wednesday

ITC Hotels is set to list on January 29, 2025, following the demerger from ITC Ltd. Market cap is expected to be around Rs 42,000 crore, with shares likely priced at Rs 200.

Soon after listing, the stock slipped 5.5% to hit the lower circuit at Rs 178.60 on the BSE and dipped 4.44% to hit a low of Rs 172 on the NSE. Should investors buy ITC Hotels shares at the current level?