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BAT to sell 3.5% stake in ITC for Rs 16,775 crore in year's biggest block trade

British American Tobacco plans to sell up to 43.69 crore ITC shares via accelerated book building at Rs 384-400.25 per share
BAT stake sale unlikely to have any long-term impact on ITC, say analysts

The stake sale might be a bid by British American Tobacco to reduce its debt levels, while also meeting India’s stringent rules for foreign ownership in tobacco companies.
Ideas For Profit | Recovery in cigarette business hold the key to re-rating of ITC

FMCG major sees a sharp turnaround buoyed by FMCG, Agri & Cigarette segments.

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Itc Share Price

BAT to sell 3.5% stake in ITC for Rs 16,775 crore in year's biggest block trade

BAT stake sale unlikely to have any long-term impact on ITC, say analysts

Ideas For Profit | Recovery in cigarette business hold the key to re-rating of ITC