The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tobacco Manufacturers (India) Ltd & Others
ITCHOTELS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts less than Nifty Midcap 150 and 3.2 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Three foreign entities linked to British American Tobacco — Tobacco Manufacturers (India) Ltd, Myddleton Investment Company Ltd, and Rothmans International Enterprises Ltd — sold 18.75 crore equity shares (9.00% of total share capital) of ITC Hotels in the open market on December 5, 2025. Their combined holding dropped sharply from 15.28% (31.83 crore shares) to 6.28% (13.08 crore shares) after the sale. Tobacco Manufacturers (India) sold the bulk at 5.92%, while Myddleton Investment and Rothmans International sold their entire stakes of 2.33% and 0.74% respectively. The filing explicitly states the sellers do not belong to the promoter/promoter group of ITC Hotels.
This large open-market sale by foreign entities adds significant supply overhang on ITC Hotels shares, which may pressure the stock price in the short term. However, the reduced foreign holding also improves public float and trading liquidity. Retail investors should watch for any further stake reduction by the BAT group, which would signal continued exit.