BAT to offload 2.3% stake in ITC via block deal, aims to raise £200 million
Following this transaction, BAT’s stake in ITC will reduce from 25.4% to 23.1%. | Photo Credit: Rupak De Chowdhuri/Reuters UK-based cigarette major British American Tobacco (BAT) on Tuesday announced that its wholly-owned subsidiary Tobacco Manufacturers (India) intends to sell 2.3 per cent stake in diversified conglomerate ITC Ltd to institutional investors by way of an…
