ITC Limited — Important, 11-01-2025: General Updates

ITC Hotels Limited (ITCHL) has completed the allotment of 125,11,71,040 equity shares to shareholders as of the record date, January 6, 2025. This allotment follows a scheme of arrangement involving ITC Limited and has resulted in ITCHL ceasing to be a subsidiary of ITC Limited effective January 11, 2025. ITCHL will seek listing for its equity shares, which are currently frozen pending approval from stock exchanges. This significant operational change could influence ITC Limited's strategic positioning and financial health moving forward, marking a new phase for both entities. Investors should watch closely for further developments regarding ITCHL's listing and its impacts on shareholder value.