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BAT to Offload 3 5% of ITC Today

British American Tobacco (BAT) Plc said it will sell around 3.5% of its stake in ITC to institutional investors in block deals on Wednesday.

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ITC spikes 8% as British Tobacco trims 3 5%: Analysts bet on brand recall, FMCG prospects

ITC spikes 8% as British Tobacco trims 3 5%: Analysts bet on brand recall, FMCG prospects
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United statesWest bengalVaishali parekhTadeu marrocoManish chowdhurySonam srivastavaMyddleton investment companyRothmans international enterprisesItc ltdHead of researchWright researchTechnical research at prabhudas lilladherBritish american tobaccoTobacco manufacturersChief executive tadeu marrocoMyddleton investment

BAT to sell 3 5% in ITC on Wednesday, may raise up to ₹17,480 crore

BAT will sell the stake in ITC Ltd at a discount. Proceeds will fund buyback and deleveraging efforts, ensuring a significant ownership stake post-sale.

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