Market Chatter: British American Tobacco Upsizes Offering of ITC Hotels Stake

11:18 PM EST, 12/04/2025 (MT Newswires) -- British American Tobacco (BATS.L, BTI.JO) increased its offering of interest in Indian hospitality company ITC Hotels to 9% from 7%, Bloomberg News reported Thursday, citing terms of the deal. The tobacco company is selling 187.5 million ITC Hotels shares through three subsidiaries at a minimum price of 205.65 Indian rupees per share. British American Tobacco did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)