• Power Corridors Magazines
  • Advertise with us
Saturday, August 30, 2025
  • Login
Power Corridors
  • News
  • Politics
  • Business
    • Technology
  • Appointments/Transfers
  • Automobile
  • Entertainment
  • Sports
    • IPL 2024
  • Event
  • World
No Result
View All Result
  • News
  • Politics
  • Business
    • Technology
  • Appointments/Transfers
  • Automobile
  • Entertainment
  • Sports
    • IPL 2024
  • Event
  • World
No Result
View All Result
Power Corridors
  • News
  • Politics
  • Business
  • Appointments/Transfers
  • Automobile
  • Entertainment
  • Sports
  • Event
  • World
Home Business

ITC Share Price Updates, ITC discovered price at Rs.455.6

ITC Hotels will be maintained in all the NSE and BSE indices at a constant price for the listing day, and three business days following the listing.

PC Bureau by PC Bureau
6 January 2025
in Business
9
ITC Share Price Updates, ITC discovered price at Rs.455.6

ITC Share Price Updates, ITC discovered price at Rs.455.6

9
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

ITC Ltd shares price was discovered at Rs. 455 each, down 5.6 percent or Rs. 27 from the previous session’s closing price, following the special pre-open session for price discovery, as the hotels arm spins off from cigarettes-to-FMCG Conglomerate.

Photo Credit: Google
Photo Credit: Google

ITC Hotels will be maintained in all the NSE and BSE indices at a constant price for the listing day, and three business days following the listing. If the stock hits circuit limits, the exclusion will be postponed by two trading days each time.

However, traders and investors will not be able to trade this dummy version of ITC Hotels after the special pre-open session. Trading can begin in the counter only once the scrip officially lists on the exchanges.

Under the scheme of demerger, shareholders will get one equity share of ITC Hotels for every 10 shares of ITC held, with ITC keeping a 40 percent stake in the newly demerged entity. The rest of the 60 percent will be held by existing shareholders proportionate to their stake in ITC.

Also Read: Health Ministry Confirms, HMPV Cases Confirmed In Karnataka!

According to Nuvama, the initial market price for ITC Hotels shares could have ranged between Rs. 150-175 per share. ITC’s

hotel business could attract premium valuation post listing vis-à-vis its current valuation under ITC, led by better price discovery in the market, said Sharekhan. The brokerage believed that the price discovery for ITC Hotels shares could be the range of Rs 150-170 per share.

Japanese brokerage Nomura believed that ITC Hotels would list within the Rs 200–300 per share range, which surpasses most estimates. As a result, the market-cap for the player could be between Rs 42,500 crore to Rs 62,200 crore, added the brokerage.

ITC’s share price was expected to be adjusted by Rs 22-25, reflecting its 40 percent stake in the hotel business and incorporating a 20 percent holding discount, as per Nuvama.
Tags: ITCShare Market
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Previous Post

SSC MTS Result 2024 to be announced soon. How to check the results

Next Post

Congress Promises ₹2,500 for Women, Outshining AAP’s ₹2,100 Pledge in Delhi

Related Posts

Biren Singh
Business

All Eyes on SC as Biren Singh Tape Case Returns Tomorrow

18 August 2025
Trump Shuts Door on Trade Talks With India
Business

Trump Shuts Door on Trade Talks With India

8 August 2025
Big Boost for Armed Forces: 87 Attack Drones, 110 BrahMos Missiles Approved
Business

Big Boost for Armed Forces: 87 Attack Drones, 110 BrahMos Missiles Approved

6 August 2025
C Vijayakumar
Business

Who is HCL’s C Vijayakumar? India’s highest-paid IT CEO with Salary of Rs 95 Cr in FY25

4 August 2025
Delhi Pushes Licensing Reforms to Boost Business
Business

Delhi Pushes Licensing Reforms to Boost Business

2 August 2025
Modi Sidesteps Rahul’s Challenge to Call Trump a Liar
Blog

Opinion | Did Modi’s LS Speech Invite the U.S. Tariff Bomb?

30 July 2025
Next Post
Congress Promises ₹2,500 for Women, Outshining AAP’s ₹2,100 Pledge in Delhi

Congress Promises ₹2,500 for Women, Outshining AAP's ₹2,100 Pledge in Delhi

‘Kill Hindutva ideology’: Pannun in his second video targeting Mahakumbh

'Kill Hindutva ideology': Pannun in his second video targeting Mahakumbh

AI Cracks Ancient Codes: Unlocking Secrets of the Past

AI Cracks Ancient Codes: Unlocking Secrets of the Past

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POWER CORRIDORS

Former Vice President Venkaiah Naidu commended Power Corridors as a commendable news magazine, affirming that it not only upholds Media Dharma but also fulfills its societal obligations. Power Corridors, as its name implies, delves into realpolitik—examining the essence of influential circles, unraveling the intricacies of political maneuvers, and exploring the pulse of the state’s affairs. However, it transcends mere power dynamics, encompassing a broader spectrum of issues beyond the confines of Delhi’s elite circles.

For PC, which is published by the Interactive Forum on Indian Economy, not only highlights the issues of the day but also throws up what ought to be the subjects that the country should be debating about. It reports about the plans, strategies, and agendas of politicians and others; it also sets the agenda for the nation.

Browse by Category

  • Appointments/Transfers
  • Automobile
  • Aviation
  • Blog
  • Business
  • Crime
  • Education
  • Entertainment
  • Event
  • GMF
  • HEALTH
  • IFIE
  • IPL 2024
  • Law
  • Motorsports
  • National
  • News
  • Politics
  • Science
  • Space
  • Sports
  • Technology
  • Weather
  • WEIGHT LOSS
  • World

Recent News

COCOMI

COCOMI-led Panel to Counter PUCL Tribunal’s Manipur Report

30 August 2025
Church and temple burnt in manipur

PUCL Manipur’s Report: Desecration of Places of Worship (Part 1)

30 August 2025
  • About
  • Advertise With Us
  • Privacy & Policy
  • Contact Us

© 2023 Power Corridors

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • News
  • National
  • Politics
  • Business
  • World
  • Entertainment
  • Crime
  • Law
  • Sports
  • Contact Us

© 2023 Power Corridors