B&K Securities said the downside is limited for ITC Ltd, considering the enhanced prospects from cigarette business, value unlocking from demerger of hotels business and likelihood of paper business returning to normal growth from next quarter.

The much-anticipated demerger of ITC Limiteds hotel business into a separate entity, ITC Hotels, reaches a crucial milestone on Mo 6, 2025. This day will determine the shareholders eligible to receive ITC Hotels shares.

The listing of ITC Hotels is expected to take nearly a month, based on the timeline of previous major demergers. For instance, Jio Financial's listing took approximately 33 days

ITC Limited demerges hotel business to enhance shareholder value, streamline operations, and focus on core businesses effectively.

ITC Hotels share price will be calculated based on the difference between the closing prices of ITC shares on January 3, 2025, and open price of ITC discovered during the SPOS (special pre-open session) on January 6,

Nuvama and Nomura have made predictions about ITC Hotels share price after demerger and also market cap. ITC share price will also adjust after ITC Hotels share price discovery on the record date.

Similar to Jio Financial Services, ITC Hotels will be the 51st Nifty 50 stock and the 31st stock on the Sensex and will be considered daily in the index weightage calculations.

Explore ITC Hotels' upcoming listing, expected price range, and market impact. Check all the details on valuation.