ITC share price (ITC Hotel) to range between ₹15 to ₹27 after the demerger, believes brokerages. The National Company Law Tribunal has given in-principle permission for the demerger, with more details to be provided in a management call on July 27th.
Shares of ITC extended their recent fall to the third straight session on Tuesday. The stock fell over 3% to hit an intraday low of Rs 455.40 on NSE. The slump comes after the FMCG major announced the much-awaited demerger of its hotels business under a scheme of arrangement. Watch this Visual Story to see if what this demerger means for shareholders. Also, check ITC Hotels expected share price, ITC share price target, and more.