ITC Hotels Exits BSE Sensex, Expands Portfolio

ITC Hotels Exits BSE Sensex


ITC Hotels Ltd. shares, recently separated from parent ITC Ltd., are no longer part of the BSE Sensex as of Wednesday. The stock saw a rise in early trading today, despite opening 1.34% lower.

Asia Index’s Announcement


Asia Index Pvt., which manages index services for BSE, had stated that ITC Hotels would be removed from all its indices if the stock didn’t hit the lower circuit by 2:00 p.m. on Tuesday. As this didn’t happen, the company was dropped from all BSE Indices, including the Sensex, BSE 100, BSE 200, and several others.

ITC Hotels’ Expansion Plans


After the demerger last month, ITC Hotels became India’s second-largest hotel chain. They currently operate 140 hotels with 12,965 rooms, having added 28 hotels with 1,642 rooms in the past two years. They have ambitious plans to further expand their portfolio with 46 more hotels and 4,300 rooms by March 2030. This will bring their total to 186 hotels and 17,265 rooms.

Asset-Light Model


ITC Hotels is focusing on an [[asset-light]] growth strategy, rapidly expanding through management contracts. In the first half of FY25, they operationalized nine managed properties and signed contracts for 15 more. The company manages properties under various brands like Welcomhotel, Mementos, Storii, Fortune and WelcomHeritage.

Market Analysis and Updates


This [[demerger]] is a significant development in the Indian hospitality market. The news and latest updates indicate a shift in ITC’s business strategy. Experts provide market analysis suggesting a positive outlook for ITC Hotels, with its expansion plans and the recent Rs 1,500-crore windfall strengthening its portfolio.

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