Overview
- British American Tobacco and affiliates plan to sell 7%–15.3% of ITC Hotels via block deals at a Rs 205.65 floor price, a transaction pegged near Rs 3,000 crore.
- Hindustan Unilever set December 5 as the record date for the demerger of its ice-cream business into Kwality Wall’s (India), with the stock slated to adjust for the spin-off.
- Brookfield India REIT launched a Rs 3,500-crore qualified institutional placement at an indicative Rs 320–327 to fund the Ecoworld acquisition and repay debt.
- Tata Power temporarily shut its Mundra plant and expects operations to resume by December 31, 2025.
- Indian benchmarks closed modestly higher on Thursday as investors awaited the RBI policy decision, with sentiment pressured by a weak rupee and persistent FII outflows.