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British American Tobacco to Sell Stake in ITC Hotels to Reduce Debt
ByAinvest
Thursday, Dec 4, 2025 9:13 pm ET1min read
British American Tobacco (BAT) plans to sell its stake in Indian hospitality company ITC Hotels to reduce debt. The company plans to sell 7% to 15.3% of the issued shares through a block trade, potentially selling its entire 15.3% stake. BAT aims to reduce debt by demerging from non-strategic holdings and funding innovation in alternative nicotine products. The move follows BAT's sale of part of its ITC stake for $2 billion last year.
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