ITC Hotels Ltd, the demerged entity of ITC Ltd’s hotel business, was listed at Rs 188 on the BSE and Rs 180 on the NSE but declined 5% to Rs 178.60. The company’s market valuation stood at Rs 39,126 crore. The demerger, effective January 1, 2025, aims to provide operational autonomy, with ITC retaining a 40% stake. Investors will watch how the stock stabilizes post-listing.
