Archive · 6 Dec 2025
BAT Sells 9% ITC Hotels Stake
British American Tobacco (BAT) sold a 9% stake in ITC Hotels to several big investors, including Abu Dhabi Investment Authority, Societe Generale, and Morgan Stanley.
They sold the shares for about ₹3,856 crore.
BAT still owns a smaller part of ITC Hotels.
The money from this sale will help BAT pay off some of its debts.
ITC Hotels has many hotels in India and has been a separate company since January 2025.
The shares were sold at ₹205.65 each, and the stock price went down a little after the sale.
British American Tobacco (BAT) sold a 9% stake in ITC Hotels for ₹3,856 crore (£315 million).
The buyers included Abu Dhabi Investment Authority, Societe Generale, Morgan Stanley, HCL Capital, and others.
BAT retains a 6.3% stake in ITC Hotels after the transaction.
The proceeds will be used to reduce BAT's debt and meet its leverage targets by the end of 2026.
ITC Hotels operates over 140 hotels across 90+ destinations in India and has been a publicly listed entity since January 2025.
- Who
- British American Tobacco (BAT) Plc
- What
- Sold a 9% stake in ITC Hotels
- When
- Friday (specific date not mentioned)
- Where
- India (through open market transactions)
- Why
- To reduce debt and progress towards a target leverage corridor by the end of 2026
- Company
- British American Tobacco (BAT) Plc
- Stake Sold
- 9%
- Buyers
- Abu Dhabi Investment Authority, Societe Generale, Morgan Stanley, HCL Capital, Nippon India Mutual Fund, BNP Paribas Arbitrage, Vanguard Group
- Transaction Value
- ₹3,856 crore (£315 million)
- Remaining Stake
- 6.3%
- ITC Hotels Shares
- 18.75 crore equity shares
- Share Price
- ₹205.65 per share
- ITC Hotels Locations
- 140+ hotels across 90+ destinations in India
