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British American Tobacco plans to offload up to 15.3% stake in ITC Hotels via block dealBAT announced that its wholly-owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans ...- ITC Hotels to cross 220 properties by 2030 as room demand outpaces supply, says Sanjiv PuriITC Hotels anticipates robust growth, exceeding its target with over 220 operational hotels by 2030, driven by increasing demand and infras...
- BAT to sell 2.3% stake in ITC through block dealBritish American Tobacco (BAT) plans to sell approximately 2.3% stake in ITC Ltd to institutional investors through a block trade. This mar...
- BAT to check out of ITC's demerged hotels businessBritish American Tobacco (BAT) intends to divest its stake in ITC's soon-to-be demerged hotel business and explore options for unlocking sh...
- Vodafone PLC likely to sell a 9.94% stake in Indus Towers on Wednesday via block dealsThis could become India's second-largest block deal, following the ITC transaction in March, where British American Tobacco Plc sold a 3.5%...
- Vodafone sells 18% stake in Indus Towers for Rs 15,300 crore to repay debtVodafone PLC said it has sold 484.7 million shares in Indus Towers and raised Rs 15,300 crore (€1.7 billion) in gross proceeds which will b...
- Bharti Airtel hikes stake by 1% in Indus Towers as Vodafone offloads stakeOn Wednesday, telecom operator Bharti Airtel increased its stake in Indus Towers by 1% through purchases in large block deals from the open...
- Indus Towers block deal size increased to 17.98% from 9.94%The term sheet issued on Tuesday stated that Vodafone PLC would sell a 9.94% stake in the tower company. The shares are expected to be sold...
- BAT unlikely to bat on the board of ITC's hotels bizITC's hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will o...
- ITC exploring hotel business expansion opportunity in Nepal, Sri Lanka, Middle EastChairman and managing director Sanjiv Puri said ITC is looking to add more than 70 hotels over the next five years in India, mostly through...
- PPFAS Flexicap Fund bought 8.8 lakh shares of ITC amid BAT stake sale in MarchIn February, PPFAS had around 30 stocks in its equity portfolio which declined to 29 in March.
- Not keen to dilute any more of remaining 25.51% stake in ITC: BAT CEO“ITC is transforming itself, making a number of investments and divesting the hotel business which we supported. We want to have a say in t...
- BAT sells ITC stake for Rs 17,400 crore; over 30 institutional investors pick up sharesThe big sale by BAT turned out to be a blessing in disguise rather than a nightmare for shareholders of ITC, as the stock shot up nearly 9%...
- BAT to sell 3.5% stake in ITC via block dealITC's largest shareholder BAT Plc on Tuesday said in a statement that its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd will se...
- BAT planning to launch ITC selldown as soon as this weekLondon-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 b...
- BAT takes stance, gets ready to cut stake in ITCBAT chief executive Tadeu Marroco said in its preliminary earnings release for 2023 that the company continues “to pursue all opportunities...
- ITC to sell Rs 1,990 crore of raw tobacco to British American TobaccoThe conglomerate is also revising the salary of chairman and managing director Sanjiv Puri and two executive directors, Nakul Anand and B S...
- Pat on the back from BAT to make Sanjiv Puri's job easierITC's largest shareholder expresses confidence in new chairman; indicates it has no plans for now to raise stake in the Indian co.
- YC Deveshwar may get fresh term as ITC chairman to groom heirITC plans to hand another five-year stint as chairman to Y Deveshwar when his tenure ends next year, but in a non-executive role.
- British American Tobacco edges out SingTel as largest MNC by value of equity in IndiaThe 109-year-old tobacco giant ousted Singapore telco SingTel from the top slot as the value of its holdings in ITC Ltd and VST Industries ...
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