ITC Hotels demerger: Record date, demerger ratio, price target and other details to know

ITC’s long-awaited demerger of its hotel business is effective today, with a record date of January 6. ITC shareholders will receive one ITC Hotels share for every 10 ITC shares held. ITC will retain a 40% stake, while shareholders get 60%. ITC will inject Rs 1,500 crore into ITC Hotels.