British 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 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...

British American Tobacco (BAT) intends to divest its stake in ITC's soon-to-be demerged hotel business and explore options for unlocking sh...

ITC Ltd plans to significantly increase exports of raw tobacco to British American Tobacco (BAT), targeting a value of up to Rs 2,350 crore...

Blackstone, promoter of Mphasis, divested a 15.08% stake in the IT and consulting firm for ₹6,735 crore through an open market transaction ...

Chairman and managing director Sanjiv Puri said ITC is looking to add more than 70 hotels over the next five years in India, mostly through...

“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...

Shares of ITC fell on reports of BAT potentially selling $2-3 billion worth of shares. The divestment, subject to regulatory clearances, ha...

London-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'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 chief executive Tadeu Marroco said in its preliminary earnings release for 2023 that the company continues “to pursue all opportunities...

Last week, ITC became the world's third-largest tobacco company in market capitalisation terms following a sell-off in BAT shares, which ar...

British American Tobacco (BAT), the largest shareholder in ITC with a 29.02% stake, is open to paring its stake in the Indian conglomerate ...

Discussions have started on selling stakes in ITC, said government officials aware of the development. All options including bulk sales on ...

Analysts are expecting unfulfilled disinvestment targets for FY20 to be carried forward.

London-headquartered British American Tobacco (BAT) owns 29.5% in ITC while government-controlled financial institutions together hold 27.8...

A successful execution of the ITC-L&T stake sale plan could help the government hit the Rs 50,000-crore mark for disinvestment receipts.