News

ITC Hotels block deals: HCL Capital snaps up Rs 2,998 crore worth shares; ADIA, Morgan Stanley join marquee buyers

HCL Capital Private Limited emerged as the largest acquirer of British American Tobacco's (BAT) stake in ITC Hotels, buying 14.58 crore shares for Rs 2,998 crore. Several other marquee investors also took significant stakes in the Rs 3,856 crore block deals. BAT stated the funds will aid its transition to a target leverage range.