ITC shares in focus as stock exchanges hold special session to set ITC hotels share price
price discovery process for ITC Hotels which is getting demerged from the parent company.
Today, January 6, marks the record date for the much-anticipated demerger of ITC Ltd.'s hotel business, affecting approximately 36 lakh shareholders of the Kolkata-based conglomerate.
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.
Under the special call auction session, ITC Hotels share price would be computed using the difference between ITC's last closing price and its settling price at the end of the special session. The 1:10 demerger ratio would also be used in the calculation.
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