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British American Tobacco plans to offload stake in India's ITC Hotels

Dec 4 (Reuters) - British American Tobacco is looking to offload its stake in India's ITC Hotels, it said on Thursday, through an accelerated bookbuild process

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1 min read Last Updated : Dec 04 2025 | 7:34 PM IST

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British American Tobacco is looking to offload its stake in India's ITC Hotels, it said on Thursday, through an accelerated bookbuild process.

The tobacco group plans to sell between 7% and its entire 15.3% stake in ITC Hotels, with proceeds from the block trade earmarked for deleveraging its balance sheet.

In May, BAT sold a $1.5 billion stake in ITC Ltd, the parent company from which ITC Hotels was spun off as a separate listed entity in January.

"As previously stated, a direct stake in ITC Hotels is not a strategic holding for BAT," CEO Tadeu Marroco said, adding that its direct shareholding in ITC Hotels was a result of the demerger process earlier this year.

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