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BAT offloaded a 9% stake in ITC Hotels for ₹3,856 crore via block deals.
Summary
British American Tobacco (BAT) offloaded a 9% stake in ITC Hotels through block deals valued at approximately ₹3,856 crore. This significant transaction has brought attention to the recently listed hotel chain, potentially impacting its stock performance.
Key Points
- British American Tobacco (BAT) sold a 9% stake in ITC Hotels.
- The stake sale was executed through block deals.
- The transaction value was approximately ₹3,856 crore.
- The sale has drawn attention to the newly listed ITC Hotels.
Full Article
British American Tobacco’s affiliates sold a 9% stake worth about ₹3,856 crore through major block deals, drawing top global investors. The large transaction has renewed focus on the newly listed hotel chain, whose stock has been range-bound for weeks.
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