BAT bets big on India again, as ITC seeks to expand tobacco trade dealITC's raw tobacco sales to British American Tobacco (BAT) surged by 35% to ₹1,445 crore in FY25, accompanied by a near doubling of advances...
30 Jun, 2025, 12.09 AM IST
BAT may begin phased stake sale in ITC Hotels: SourcesBritish American Tobacco is preparing to sell its 14.55% stake in ITC Hotels following the demerger from ITC Limited, which took effect on ...
15 Jun, 2025, 04.24 PM IST
ITC shares tumbles 4% on BAT’s 2.5% stake sale worth Rs 12,900 croreITC shares experienced a 4.3% dip following British American Tobacco's (BAT) sale of a 2.5% stake, valued at approximately Rs 12,926.90 cro...
28 May, 2025, 11.44 AM IST
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...
28 May, 2025, 06.25 AM IST
ITC Hotels stock in focus as BAT plans to exit stake by 2026BAT plans to divest its 15.3% stake in ITC Hotels by 2026, stating it has no long-term interest in the sector. ITC Hotels, which recently a...
14 Feb, 2025, 09.19 AM IST
BAT takes near $8 billion charge over Canada lawsuit, headwinds loomBAT said it took a 6.2 billion pound ($7.74 billion) hit from settling a tobacco lawsuit in Canada, and warned of "significant" headwinds i...
13 Feb, 2025, 01.36 PM IST
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...
23 Oct, 2024, 12.01 PM IST
ITC to double raw tobacco exports to BAT by 2025-26ITC Ltd plans to significantly increase exports of raw tobacco to British American Tobacco (BAT), targeting a value of up to Rs 2,350 crore...
01 Jul, 2024, 04.37 PM IST
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...
07 May, 2024, 09.19 AM IST
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...
25 Apr, 2024, 09.22 PM IST
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...
15 Mar, 2024, 12.19 AM IST
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...
13 Mar, 2024, 06.41 AM IST
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...
09 Feb, 2024, 06.33 AM IST
British American Tobacco signals ITC stake disposal, shares soar 7%British American Tobacco is actively working to sell some of its shareholding in India's ITC, signaling a move towards resuming share buyba...
08 Feb, 2024, 04.16 PM IST
ITC stock slumps 4% after BAT reiterates intention to sell partial stakeBAT has been an investor in ITC since the early 1990s, and it presently owns a little over 29% stake in the tobacco-to-hotels major. In Dec...
08 Feb, 2024, 01.41 PM IST
ITC’s largest shareholder open to cutting stake after stock doubles in 2 yearsLast week, ITC became the world's third-largest tobacco company in market capitalisation terms following a sell-off in BAT shares, which ar...
16 Dec, 2023, 04.53 PM IST
Diluting stake in ITC Complex, says its largest shareholderBritish American Tobacco (BAT), the largest shareholder in ITC with a 29.02% stake, is open to paring its stake in the Indian conglomerate ...
16 Dec, 2023, 12.46 AM IST