Overview
- NSE data show 18.75 crore ITC Hotels shares changed hands at Rs 205.65 each, about 1% below the previous close.
- Institutions including HCL Capital, Nippon India Mutual Fund, Vanguard, and Abu Dhabi Investment Authority were among the buyers, with HCL Capital purchasing nearly Rs 3,000 crore.
- British American Tobacco executed the accelerated bookbuild via subsidiaries Tobacco Manufacturers (India) Ltd., Myddleton Investment Co., and Rothmans International Enterprises Ltd.
- BAT had signaled it would sell between 7% and up to its full 15.3% holding to optimize pricing, describing the position as non‑strategic.
- ITC Hotels shares ended about 1% lower after the trades, and BAT said proceeds will help move leverage toward a 2.0–2.5x net debt to EBITDA range by end‑2026.