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BAT sells 8% stake in ITC Hotels

ICICIdirect Research 05 Dec 2025 DISCLAIMER

BAT (British American Tobacco) has sold 8% (17.4cr shares) stake in ITC Hotels @ price of Rs205.65 per share.
Post the stake sell BAT holding in ITC Hotels will reduce to 7.24% from 15.24% earlier.
A 60-day lock-in will apply for the seller’s post-deal.
View: This is in line with BAT plans to gradually reduce its stake in ITC Hotels, which it reckoned as non-core part of an investment. Overall, its plan to zero down its stake in ITC Hotels over the next two to three years.
Stake reduction by BAT reduces the large overhang hovering around the stock. Long term growth prospects of ITC Hotels are intact. We recommend our Buy on the stock with a price target of Rs282.

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