british american tobacco itc BAT to Sell $1.4 Billion Stake in ITC: Major Block Deal in India's Market, ETRetail British American Tobacco (BAT) announced

British American Tobacco (BAT) announced on Tuesday its intention to sell approximately 2.3% of its stake in Indian consumer goods giant ITC through a block trade. Despite the planned sale, #BAT will British American Tobacco is ITC's largest shareholder with a 22.9% stake, followed by LIC at 15.9%, while the Government of India holds 7.8% via SUUTI. British American Tobacco Sells 2.5% Stake in Indian Conglomerate ITC for $1.42 Billion WSJ British American Tobacco gets full control of US rival Reynolds in $49.4 billion deal IBTimes India

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