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Large block transaction puts spotlight back on ITC Hotels stock movement
Fresh institutional buying emerged after British American Tobacco affiliates sold a 9 percent stake in ITC Hotels through major block deals worth nearly Rs 3,856 crore.
Market attention is back on ITC Hotels after British American Tobacco’s three affiliate entities sold a combined 9 percent stake through large block deals valued at nearly Rs 3,856 crore. The transaction attracted participation from several global institutional investors, signaling strong underlying demand for the newly listed hospitality company. Until now, ITC Hotels shares had remained largely range bound for several weeks, reflecting cautious trading sentiment.