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Tag: ITC Hotels block deal

ITC Hotels block deals: HCL Capital buys shares worth Rs 2,998 crore; ADIA and Morgan Stanley join major buyers
Stock Market

ITC Hotels block deals: HCL Capital buys shares worth Rs 2,998 crore; ADIA and Morgan Stanley join major buyers

HCL Capital Private Limited emerged as the largest acquirer of British American Tobacco’s (BAT) stake in ITC Hotels. The NBFC company associated with Shiv Nadar’s HCL Group on Friday bought 14.58 crore shares worth Rs 2,998 crore through a block deal. In separate block deals, major investors Nippon India Mutual Fund, Societe Generale, Morgan Stanley, […]

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British American Tobacco plans to divest a 15.3% stake in ITC Hotels through a block deal
Stock Market

British American Tobacco plans to divest a 15.3% stake in ITC Hotels through a block deal

British American Tobacco plc (BAT) plans to sell a 7%-15.3% stake in ITC Hotels through a block deal, the company said in a media statement on Thursday.BAT has announced that its wholly owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited, intend to sell the issued ordinary share capital […]

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