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ITC shares slip on hotel demerger record date 
(17:43, 06 Jan 2025)
The demerger of ITC's hotel business became effective on January 1st. A special trading session was conducted today to determine the fair price of the newly independent ITC Hotels. The closing price of ITC shares was discovered at ₹ 455, reflecting a 5.6% or ₹ 27 decline from the previous day's closing price, following the special pre-open session. '

ITC Hotels will be maintained in all NSE and BSE indices at a constant price on the listing day and for the subsequent three trading days. If the stock encounters circuit limits, the exclusion from the indices will be delayed by two trading days each time. '

However, traders and investors will be unable to trade this placeholder version of ITC Hotels after the special pre-open session. Trading in the counter can commence only upon the official listing of the scrip on the exchanges.

Under the demerger scheme, shareholders will receive one equity share of ITC Hotels for every 10 shares of ITC held, with ITC retaining a 40% stake in the newly demerged entity. The remaining 60% will be distributed among existing shareholders in proportion to their ITC holdings. '

The listing date for ITC Hotels shares has yet to be announced. ITC Hotels will operate with a debt-free balance sheet and intends to accelerate growth and explore selective inorganic opportunities. ITC Hotels is a leading chain with over 140 hotels across 90 destinations, encompassing six distinct brands.

ITC is a diversified conglomerate with businesses spanning fast-moving consumer goods, hotels, paperboards and packaging, agribusiness and information technology.

ITC's net profit rose 3.07% to ₹ 4,917.45 crore in Q2 FY25 as against ₹ 4,926.96 crore posted in Q2 FY24. Net revenue (excluding excise duty) was at ₹ 19,150.32 crore in the September quarter FY25, up 16.81% from ₹ 16,393.74 crore recorded in the corresponding quarter previous year.

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Mandatory Dematerialization for Transfer of Securities, w.e.f 5th December 2018. Refer to SEBI notification number SEBI/LAD-NRO/GN/2018/24 dated June 08,2018.

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As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor.

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Risk Disclosure on Derivatives

  • out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source:
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

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