<p>Bengaluru: SFollowing the demerger of the hotels business from the tobacco-to-branded food giant - ITC Ltd, earlier this month, the shares of the newly incorporated ITC Hotels Ltd listed on the stock exchanges on Wednesday.</p>.ITC falls 5% to 'discover' price after hotels business spin off.<p>However, it was not a happy first day at the bourses for the scrip. It opened at Rs 188 a share on BSE, but declined 5 per cent to close at Rs 178.60. On NSE too, it saw a 3.53 per cent fall, opening at Rs 180 and closing at Rs 173.65.</p><p>The company, in which ITC continues to hold 40 per cent stake, saw its market valuation slip from Rs 39,126 crore to Rs 37,169.7 crore during the day.</p>
<p>Bengaluru: SFollowing the demerger of the hotels business from the tobacco-to-branded food giant - ITC Ltd, earlier this month, the shares of the newly incorporated ITC Hotels Ltd listed on the stock exchanges on Wednesday.</p>.ITC falls 5% to 'discover' price after hotels business spin off.<p>However, it was not a happy first day at the bourses for the scrip. It opened at Rs 188 a share on BSE, but declined 5 per cent to close at Rs 178.60. On NSE too, it saw a 3.53 per cent fall, opening at Rs 180 and closing at Rs 173.65.</p><p>The company, in which ITC continues to hold 40 per cent stake, saw its market valuation slip from Rs 39,126 crore to Rs 37,169.7 crore during the day.</p>
