Published by Global Banking & Finance Review®
Posted on December 4, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleBritish American Tobacco plans to sell its stake in ITC Hotels to reduce debt, as the holding is not strategic for the company.
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.
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.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala and Shailesh Kuber)
A stake in a company refers to the ownership interest that an individual or entity holds in that company, typically represented by shares.
Deleveraging is the process of reducing debt by paying off existing liabilities, often to improve financial stability.
A block trade is a large trade of securities that is executed outside of the open market, usually to minimize market impact.
A strategic holding refers to an investment that is considered essential for a company's long-term strategy and growth.
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