ITC Ends in the Red on Hotel Biz Demerger
Financial Express Chennai|January 07, 2025
Optimism Prevails
FE BUREAU

Shares of ITC ended nearly 3% lower on Monday, as the stock traded ex-demerger, after a special trading session to discover the price for ITC Hotels. The stock closed down 2.75% at ₹442.50 on the BSE. Earlier, it had settled at ₹455 after the special session. The scrip closed at ₹442.65, a decline of 2.84%, on the NSE. It had settled at ₹455.60 on the bourse at the end of the special session.

The demerger of ITC's hotels business came into effect on January 1. A special trading session was conducted on Monday to determine the fair price of the newly-independent business. The closing price of ITC shares was discovered at ₹455 at the special session, reflecting a decline of 5.6%, or ₹27, from the previous close.

هذه القصة مأخوذة من طبعة January 07, 2025 من Financial Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 07, 2025 من Financial Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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