ITC Ltd. has allotted 125.11 crore equity shares to its shareholders as part of a demerger, separating ITC Hotels into an independent entity. ITC Hotels, now India’s second-largest hotel chain, plans to list its shares after regulatory approvals. The demerger aims to unlock value, attract investors, and strengthen capital allocation strategy.
Stocks to buy: Tata Motors, RIL and Zomato on investors’ radar
Stocks that were in focus include names like Shriram Finance, which rose 0.44% and BEL, which declined 3.2% and RITES, whose shares rose 0.6% on