IN BRIEF: British American Tobacco plans ITC Hotels block trade
4th Dec 2025 13:26
British American Tobacco PLC - London-based maker of cigarette and vaping products - Intends to sell between 7% and 15.3% of shares in ITC Hotels Ltd in a block trade through an accelerated bookbuild. Says the final number of shares sold will be determined to optimise the overall pricing outcome to the group. BAT has held 15.3% of ITC Hotels since its demerger from ITC Ltd, the Kolkata-based conglomerate with businesses across India's consumer goods sector. ITC Hotels has been trading as a publicly-listed entity since January this year. Read More