The mood around the ITC Hotels share price turned active today after one of the largest block deals of the year hit the market. The counter opened with strength, but the tone shifted quickly as profit booking set in during the session.
Investors kept their eyes glued to this stock as a sizeable chunk of equity changed hands in early trade, making ITC Hotels' stock price one of the key talking points in the wider market.
Market Performance: Early Gains, Then a Mild Cool-Off
The day began on a positive note for the stock. ITC Hotels' share price today saw early buying interest, giving the stock a short-lived lift. But the momentum softened once the block deal numbers surfaced and traders booked profits.
By mid-session, the stock was quoting near ₹207.40, slipping marginally by 0.15% after its initial uptick.
Main News: A Big Block Deal Sets the Tone
The heart of today’s action came from a large trade captured in the block window. A massive 18.75 crore shares—roughly 9% equity—changed hands. The total deal value hovered around ₹3,856 crore, with shares exchanged at ₹205.65 apiece.
This single transaction set the narrative for the entire session, drawing traders and long-term investors alike to monitor updates around the counter.
Company Details: Background Behind the Block Deal
The large equity transfer came against the backdrop of an ongoing restructuring journey. The seller exited a part of its holding as part of its internal portfolio shift and balance sheet strategy.
The shareholding had originally come from ITC Ltd’s demerger, through which the hotels business was spun off earlier. With the stake no longer aligned with the owner’s strategic roadmap, the move aimed to redirect funds toward its broader financial goals.
Key Details at a Glance
- Shares traded: 18.75 crore.
- Equity offloaded: ~9%
- Deal value: ₹3,856 crore
- Transaction price: ₹205.65 per share
- Stock price later: ₹207.40, down 0.15%
The leadership of the selling entity also noted that the proceeds from the stake sale support its long-term leverage targets and streamline its asset base.
Summary
The session turned eventful for ITC Hotels' share price as a major block deal reshaped the market buzz around the stock. With ₹3,856 crore worth of equity changing hands, the counter saw both excitement and caution through the day.
By the end of the session, the stock settled mildly lower, but the heavy trade ensured that the ITC Hotels stock price stayed firmly in the spotlight.
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