ITC Hotels share could go above the Rs 100-mark. Here's the math

The per share price of ITC Hotels, whose demerger from parent company ITC has been approved by the board, could end up being above Rs 100 going by the 1:10 share entitlement ratio and how the hotels business is being valued by investors currently. As part of the demerger plan, ITC will own 40% of ITC Hotels. The remaining 60% will be owned by ITC shareholders in proportion to their ownership in the parent entity.