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London selling sparks Rs 43,000-crore rally: What BAT stake sale means for ITC shareholders

The stake sale in ITC is good news also because BAT is now unlikely to sell more shares in near future for it doesn t want its shareholding in ITC to fall below 25%. BAT s ownership in ITC has now fallen to 25.5% from 29% earlier. ....

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itc share price: ITC shares fall below Rs 400-level as BAT gets ready to offload stake

Shares of ITC fell on reports of BAT potentially selling $2-3 billion worth of shares. The divestment, subject to regulatory clearances, has caused a supply hangover on ITC shares. ....

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Very difficult to give timeline for ITC stake sale: BAT CEO Tadeu Marroco

BAT will likely exit ITC hotels business post demerger and there is no strategic intent from BAT to be a minority shareholder of a hotel company in the Indian market, the CEO added ....

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