ITC Ltd.’s share price will be in focus on Monday as the stock adjusts on the record date that will determine the eligible shareholders who will receive shares in ITC Hotels Ltd., the newly separated entity. After the demerger became effective on Jan. 1, as per the company’s earlier disclosures to the stock exchanges, the ITC stock will go ex-demerger on Jan. 6. This means that investors who hold shares of the parent company in their demat accounts as of Monday will receive shares of ITC Hotels. Under the terms of the demerger, ITC shareholders will receive one share of ITC Hotels for every 10 shares of the parent they hold.
#itc #itcdemerger #itchotels
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