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British American Tobacco PLC - London-based maker of cigarette and vaping products - Nets ₹38.2 billion, about £315 million, as it completes block trade of 187.5 million shares in ITC Hotels Ltd through an accelerated bookbuild. The shares sold represent a 9% stake in ITC Hotels. BAT retains a 6.3% stake in ITC Hotels. BAT had said on Thursday that it planned to sell between 7% and its entire 15.3% stake in ITC Hotels. BAT has had that shareholding in ITC Hotels since its demerger from ITC Ltd, a Kolkata-based conglomerate with businesses across India’s consumer goods sector. ITC Hotels has been trading as a publicly-listed entity since January this year. Current stock price in Johannesburg: R 977.54, down 0.3% on Friday morning 12-month change: up 45% Share price in London: 4,349.00 pence 12-month change: up 48% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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