British American Tobacco to Reduce Stake in Indian Hotel Chain ITC Hotels.

British American Tobacco plans to reduce its stake in India's ITC Hotels, a move that could impact the company's financial performance. The stake reduction may result from changes in the Indian government's policies or shifting priorities within the company. The decision could also affect the hotel industry in India, where ITC Hotels is a significant player. The impact of the stake reduction on British American Tobacco's finances will depend on the terms of the deal and the company's overall strategy.