ITC Hotels lists at Rs 188 on BSE – Listing price 7.5% higher than popular estimates
ITC Hotels, a de-merged entity of ITC, exceeded market expectations by listing at Rs 188 on the BSE. The indicative price on the NSE was Rs 200 and on the BSE it was Rs 250. This move was seen as a value-unlocking strategy for shareholders, with 1 share of ITC Hotels being allotted for every 10 shares of ITC.