Searched for
BAT DIVESTMENT
GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discountThe government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today a...- ITC Hotels shares in focus as BAT offloads 9% stake through Rs 3,856 crore block dealsBritish American Tobacco’s affiliates sold a 9% stake worth about ₹3,856 crore through major block deals, drawing top global investors. The...
- 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 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...
- 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 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...
- Mphasis promoter entity pares 15% stake for Rs 6,735 croreBlackstone, promoter of Mphasis, divested a 15.08% stake in the IT and consulting firm for ₹6,735 crore through an open market transaction ...
- 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...
- ITC shares fall below Rs 400-level as BAT gets ready to offload stakeShares of ITC fell on reports of BAT potentially selling $2-3 billion worth of shares. The divestment, subject to regulatory clearances, ha...
- 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...
- Jefferies downgrades ITC, cuts target price by Rs 90. It's not just about BATBAT's potential stake sale in ITC could result in a supply overhang of about $2.5 billion. BAT is facing challenges from declining cigarett...
- 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’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 ...
- Centre mulls divesting stake in ITC to meet selloff targetDiscussions have started on selling stakes in ITC, said government officials aware of the development. All options including bulk sales on ...
- Economic Survey bats for aggressive divestmentAnalysts are expecting unfulfilled disinvestment targets for FY20 to be carried forward.
- Govt should raise stake in ITC to prevent hostile takeover by BAT: SJMLondon-headquartered British American Tobacco (BAT) owns 29.5% in ITC while government-controlled financial institutions together hold 27.8...
- Government may auction stake in ITC and L&T to achieve divestment targetA successful execution of the ITC-L&T stake sale plan could help the government hit the Rs 50,000-crore mark for disinvestment receipts.
Load More
