British American Tobacco sells 9% ITC Hotels stake for $425 million

ITC Hotels

05/12/2025 07:10

Dec 5 (Reuters) - British American Tobacco BATS.L has completed the sale of a 9% stake in ITC Hotels ITCT.NS for 38.2 billion rupees ($424.70 million), the tobacco giant said on Friday.

Following completion of the sale, it now holds about 6.3% in ITC Hotels, BAT said.

($1 = 89.9450 Indian rupees)

 (Reporting by Ankita Bora and Raechel Thankam Job in Bengaluru; Editing by Rashmi Aich)

 ((Ankita.Bora@thomsonreuters.com;))