ITC Hotels jumps on getting nod to incorporate wholly owned subsidiary in Dubai
Mumbai, October 26 (Udaipur Kiran): ITC Hotels is currently trading at Rs. 164.55, up by 8.35 points or 5.35% from its previous closing of Rs. 156.20 on the BSE.
The scrip opened at Rs. 156.20 and has touched a high and low of Rs. 168.45 and Rs. 154.55 respectively. So far 692290 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 226.65 on 27-Oct-2025 and a 52 week low of Rs. 137.40 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 168.45 and Rs. 154.25 respectively. The current market cap of the company is Rs. 34070.68 crore.
The promoters holding in the company stood at 39.85%, while Institutions and Non-Institutions held 35.20% and 24.95% respectively.
ITC Hotels has received approval for the incorporation of a wholly owned subsidiary of the company in Dubai, United Arab Emirates. The proposed entity will be engaged in the business of operating hotels and restaurants, and other related activities.
The Board of Directors of the company, at the meeting held on October 26, 2026, has approved the same.
ITC Hotels is engaged in the business of owning, operating, managing and franchising hotels and resorts and is focused towards enabling authentic indigenous experiences for its guests, which are in harmony with the environment and society.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
