ITC Hotels shares drop as BAT plans stake sale
after close1 source ↓written by the desknot a recommendation
- ITC Hotels fell
- 1%
- following news
- ₹205.74
- of its stake
- 7% and 15.3%
- $776 mln
- traded
- 187.5 mln shares
Shares of ITC Hotels fell 1% to ₹205.74 following news that British American Tobacco plans to sell between 7% and 15.3% of its stake, valued at up to $776 mln. A block deal saw 187.5 mln shares traded, amounting to ₹38.56 bln. Analysts maintain a buy rating with a median price target of ₹266.
Not investment advice. For informational purposes only.