Today, ITC shares will undergo a pre-opening session for price discovery between 9:00 AM and 9:45 AM, after which normal trading will resume at 10:00 AM. Eligible shareholders will receive shares of ITC Hotels in their accounts post the record date.

ITC shares will be in focus as BSE and NSE hold a special pre-open trading session today for ITC Hotels shares, which are being demerged from ITC Ltd. Shareholders will receive 1 ITC Hotels share for every 10 ITC shares.

Announced in July 2023, the restructuring will see ITC retain a 40% stake in its hotel business, with the remaining 60% directly held by shareholders through a share swap. Shareholders will receive one ITC Hotels share for every 10 ITC shares they own.