• October 30, 2024
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BAT to Exit ITC’s Demerged Hotels Business

BAT to Exit ITC’s Demerged Hotels Business

According to ET, British American Tobacco (BAT) is set to exit the hotels business of Indian conglomerate ITC following the latter's decision to demerge its hospitality division. BAT, a long-time stakeholder in ITC, has reportedly

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BAT Mulls Exiting ITC Hotels Business Following Demerger

BAT Mulls Exiting ITC Hotels Business Following Demerger

During a recent post-earnings call, Tadeu Marroco, CEO, British American Tobacco (BAT) informed analysts that BAT, the largest shareholder of India's leading cigarette maker ITC Ltd, is considering withdrawing its stake in ITC's hotels business