ITC Royal Bengal hotel in Kolkata. (Image: ITC Hotels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

HCL Capital Pvt., Nippon India Mutual Fund, Vanguard Group, and Abu Dhabi Investment Authority are among the large institutions that acquired ITC Hotels Ltd. shares via large transactions on Friday.

British American Tobacco Plc., via affiliates Tobacco Manufacturers (India) Ltd., Myddleton Investment Co. and Rothmans International Enterprises Ltd., sold shares worth Rs 3,856 crore, according to block deal data on the NSE. The shares were offloaded at Rs 205.65 apiece.

The UK company's direct shareholding of 15.3% in ITC Hotels was a result of the demerger process that was completed by ITC Ltd. earlier this year.

A direct stake in ITC Hotels is not a strategic holding f

See Full Page