Bat can start selling phase in ITC hotels: Sources

British American Tobacco (BAT) is likely to start selling its stake in ITC hotels following a hospitality company’s demerger from ITC Limited earlier this year, sources said. Sales can start next week, though the extent of the load floating is unclear.

This step adjusts with the previous trend of the bat that it is not intended to be a long -term shareholder in ITC hotels. The company recently accounts for 14.55% of the recent dimension entity.

Demerger of ITC Limited’s ITC Hotels was set as a record date on January 1, 2025, January 6, January 6. Post-demur, ITC retained 40% of ITC hotels.

Sources said that bat intends to use the income from the sale to the share to dele its balance sheet. The company took the same step in May, which is Rs 413 per share by flowing 2.5% of the $ 1.4 billion in ITC Limited.

BAT CEO Tadero Maroko had earlier confirmed the lack of interest in capturing the company’s ITC hotels, strengthening the expectations of gradually exit.

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ITC Hotels increased the unified net profit of 19% for the Q4 Fiscal Year 25, compared to Rs 216 crore a year ago. In the same period, the revenue from the operation is Rs. 1,060.62 crore has increased by Rs 1,015.4 crore.

For the full fiscal year 2024-25, the company has paid Rs. A consolidated net profit of Rs 637.64 crore and revenue of Rs 3,559.81 crore was recorded.

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On Friday (June 13), shares of ITC hotels fell 1.7% to close at Rs 213.9 on BSE.

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