ITC Hotels witnessed a major block trade on Tuesday as British American Tobacco (BAT)-linked entities offloaded 18.7 crore shares, amounting to ₹3,855 crore, in a sizable secondary market transaction. The block represents the sale of up to 9% equity in the company.

According to deal terms, the shares were offered at a block price of ₹205.65, marginally below the current market price of ₹207.80. The sellers likely include Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited, all of which are part of the BAT shareholding structure.

Despite the large divestment, BAT is expected to retain a 4–5% stake in ITC Hotels after today’s transaction, signalling that the exit is partial and not a complete withdrawal.

The block deal marks one of the largest recent institutional share sales in the hospitality sector, drawing strong interest from domestic and global investors. Market participants now await disclosure of the final buyers and the impact on free-float dynamics in the sessions ahead.

Disclaimer: This article is for news reporting purposes only and is based solely on the inputs provided. It does not constitute investment advice or stock recommendations.