ITC Hotels shares in focus as BAT plans up to 15.5% stake sale

ITC Hotels shares will be in focus after British American Tobacco (BAT) announced plans to sell up to a 15.3% stake. BAT, which acquired the stake during ITC’s hotel business demerger, aims to use the proceeds to reduce leverage and meet its 2026 financial targets. ITC Hotels became a separately listed entity in January 2025.