British American Tobacco sells 9% ITC Hotels stake for $425 million

Dec 5 (Reuters) - British American Tobacco BATS.L has completed the sale of a 9% stake in ITC Hotels ITCT.NS for 38.2 billion rupees ($424.70 million), the tobacco giant said on Friday.

Following completion of the sale, it now holds about 6.3% in ITC Hotels, BAT said.

($1 = 89.9450 Indian rupees)