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TADEU MARROCO
ITC's business with BAT grows 10% to Rs 1,587 crore in FY26, but dividend payout falls 9%ITC's business with major shareholder British American Tobacco (BAT) saw a 10% expansion in sales to Rs 1,587 crore in FY26, though dividen...- ITC Hotels shares slide 2% after BAT offloads Rs 3,856 crore stake in block dealITC Hotels shares dipped Friday as British American Tobacco (BAT) reportedly sold a 9% stake for approximately Rs 3,856 crore. This move al...
- 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 ...
- British American Tobacco awaiting RBI approval to check out of ITC HotelsBritish American Tobacco (BAT) awaits RBI approval to sell its 15.29% stake in ITC Hotels, a holding dating back to the early 1900s. CEO Ta...
- 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...
- 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 ...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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 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 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...
- 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...
- 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...
- 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...
- 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 ...
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