ITC Shares In Focus As BAT Plans 2.3% Stake Sale Via $1.36 Billion Block Deal; Details

BAT gains $1.36 billion from selling shares of Indian company

British American Tobacco PLC confirmed Wednesday it has completed selling 2.5% of its holdings, or 313 million shares, in India consumer-goods giant ITC Ltd. for $1.36 billion. The shares were

ITC Shares In Focus As BAT Plans 2.3% Stake Sale Via $1.36 Billion Block Deal; Details

ITC Share Price: BAT plans to dilute approximately 2.3% of its holding in ITC through this transaction, the company disclosed

British American Tobacco sells £1.11bn stake in India's ITC

British American Tobacco has sold a stake in Indian consumer goods company ITC for £1.11 billion at 413 rupees per share. The company sold 313 million shares, representing 2.5 per cent of ITC, exceeding its initial plan to sell up to 290 million shares valued at about £1.03bn.Following the sale, ITC shares fell by 1.15 per cent to trade at 421.15 rupees apiece on the NSE.British American Tobacco (BAT), through its arm Tobacco Manufacturers (Indi…

The BAT will use resources to increase its recovery of shares in £ 200 million (US$ 269 million), for a total of £ 1.1 billion in 2025

MADRID, 28 (EUROPA PRESS) British American Tobacco (BAT) has completed the sale to institutional investors of 313 million ordinary shares of the Indian company ITC Limited, equivalent to about 2.5% of the share capital, which will report to the tobacco company a net income of 1,050 million pounds sterling (1,251 million euros). [...] The entry BAT completes the sale of 2.5% of the Indian ITC for 1,251 million appears first in Forbes Spain.

Heard On The Street: Dealers Spot Action In ITC, Eternal, NBCC, Belrise And More

NDTV Profit India has been tracking the action in the top dealing rooms of India’s financial capital, and this edition of ‘Heard On The Street’ provides you with buzzing action on stocks like ITC, Eternal, NBCC, Sandur Manganese, Bajaj Consumer, Tata Technologies and Belrise.Heard On The Street provides readers with what well-informed investors, especially HNIs, FIIs, DIIs, and mutual funds, are buying and selling in the stock market. It also tr…