British American Tobacco Looks to Sell Down ITC Hotels Stake to Reduce Debt

British American Tobacco Plc has increased the size of the stake it is seeking to sell in Indian hospitality company ITC Hotels Ltd. as the maker of Lucky Strike cigarettes...

By Jennifer Creery, Julia Fioretti · Bloomberg Markets

British American Tobacco Plc has increased the size of the stake it is seeking to sell in Indian hospitality company ITC Hotels Ltd. as the maker of Lucky Strike cigarettes seeks to reduce debt.