ITC Hotels share price will be in focus on Wednesday as the stock will be removed from Sensex and other BSE indices before trading begins on today, February 5, 2025. ITC Hotels is the demerged entity of ITC Ltd and was listed separately last month.
ITC Hotels shares were temporarily included in the Sensex and other indices for portfolio rebalancing by passive funds. The stock was listed on Indian stock exchanges on January 29.
As the ITC Hotels shares did not hit lower circuit till the cut-off time on Tuesday, February 04, 2 pm, it will be removed from the BSE indices.
“As ITCHOTELS did not hit the lower circuit till the cut-off time, the company will be dropped from all the BSE Indices effective prior to the open of trading on Wednesday, February 5, 2025,” a notice on BSE said.
ITC Hotels is a demerged entity of cigarettes-to-FMCG conglomerate ITC Ltd. ITC Hotels demerger ratio was 1:10, meaning existing ITC shareholders received 1 ITC Hotels share for every 10 ITC shares. The parent ITC Ltd retained a 40.0% stake in the new entity, with the remaining 60.0% distributed to shareholders.
ITC Hotels demerger effective date was January 1, 2025, while the ITC Hotels demerger record date was January 6.