ITC Hotels falls in India trading debut, valued at $4.2 billion
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' market debut: Promising future despite bumpy start?
The stock may have plunged more than 30% on listing, but beneath the volatility lies a powerhouse with no debt, ₹1,500 crore in cash reserves, and an ambitious expansion plan. Does it have the makings of a shrewd investment?
ITC Hotels Emerges as Second Most Valuable Hotel Stock with Bold Expansion Plans
ITC Hotels, the recently spun-off hospitality division of ITC, made a strong debut in the stock market on January 29th, achieving a market valuation of INR 36,1
ITC Hotels debuts on bourses, set to expand portfolio to over 200 hotels in 5 years
ITC Hotels debuts on stock exchanges with plans to expand to over 200 hotels, focusing on sustainability and luxury experiences.
ITC Hotels dips on debut, becomes second most valuable hospitality company in India
ITC will continue to hold 40 per cent of ITC Hotels, while the remaining 60 per cent was distributed among the shareholders whose name appeared on the books of ITC Ltd on January 6, the day the demerg
ITC Hotels shares list at 31% discount on NSE, stock debuts at Rs 180 after demerger
ITC had decided to demerge its Hotel business into a separate listed entity to unlock value for shareholders. It fixed the demerger ratio at 1:10, which meant that shareholders holding 10 shares of ITC,
ITC Hotels Debuts on Stock Market, Plans Expansion
ITC Hotels, the newly demerged hospitality arm of ITC Ltd, has listed on the stock exchanges and plans to expand its portfolio to over 200 hotels in 5 years. The company has a strong focus on sustainability and inclusivity.
ITC Hotels Share Price Highlights: ITC Hotels makes a smart debut, lists at Rs 188/share on BSE
ITC Hotels listing share price live today: ITC Hotels has listed at Rs 188/share. The listing price is in line with popular estimates. ITC had demerged its hotel division at the beginning of January. According to the market participants, the stock may see some selling pressure today.
ITC Hotels falls in India trading debut, valued at $4.2 bln
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 ($4.23 billion).
ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger
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
ITC Hotels shares slide for second day, hit 5% lower circuit. What should investors do?
ITC Hotels shares fell by 5% on their second trading day, opening at ₹169.70 after debuting at ₹188. The stock faced a ...
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'A bold step forward': ITC Hotels would target global hospitality crown, says boss Sanjiv Puri
Today is indeed a landmark moment in ITC’s journey,” says Chairman Sanjiv Puri on listing of ITC Hotels on domestic bourses.
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ITC Hotels lists at ₹180, 31% below implied price
ITC Hotels made its debut on the National Stock Exchange (NSE) today, with shares listing at a discovery price of ₹180 each.