The proposed block deal in ITC Hotels has been revised upward after British American Tobacco (BAT) entities indicated that they will now sell up to 9% of their stake, according to a report by CNBC-TV18. Based on current market pricing, the transaction size is estimated at approximately ₹3,900 crore.
The move reflects a larger divestment than initially planned, with the sale expected to take place through the block window in accordance with market regulations. Details on pricing, allocation, and execution will be disclosed once the transaction is completed.
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