ITC Hotels Sees ₹3,856 Crore Block Deal; British American Tobacco Likely Offloads 9% Stake

December 5, 2025 – Shares of

els remained largely range-bound on Thursday after a massive block deal involving 18.75 crore shares (approximately 9% of the company’s equity) worth ₹3,856 crore was executed in the pre-open session. The transaction took place at ₹205.65 per share, a slight discount to Wednesday’s closing price of ₹207.70. Market sources and reports indicate that British American Tobacco (BAT), the UK-based tobacco giant, was the likely seller. The block deal aligns with Reuters’ report on Wednesday that BAT was looking to divest a stake worth around $776 million (≈ ₹6,500 crore at current rates) in ITC Hotels to cut debt and shed a non-core investment.