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BAT STAKE IN ITC
ITC Hotels block deals: HCL Capital snaps up Rs 2,998 crore worth shares; ADIA, Morgan Stanley join marquee buyersHCL Capital Private Limited emerged as the largest acquirer of British American Tobacco's (BAT) stake in ITC Hotels, buying 14.58 crore sha...- 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 ...
- 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 in focus after GQG raises stake to 5.47% following BAT’s partial exitITC shares will be in focus after GQG Partners raised its stake to 5.47% via a bulk deal on May 28, following British American Tobacco’s 2....
- Adani bull GQG raises stake in ITC to 5.47% following BAT’s partial exitGQG Partners ITC stake: GQG Partners raised its stake in ITC to 5.47% via a bulk deal following BAT’s 2.5% stake sale. The move reflects ri...
- 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...
- 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 gains 4.5% on BAT stake sale, analysts see another 10-15% upside"Major uncertainties hovering around the stock are over, while business fundamentals are intact," said Kaustubh Pawaskar, analyst, Sharekha...
- London selling sparks Rs 43,000-crore rally: What BAT stake sale means for ITC shareholdersThe stake sale in ITC is good news also because BAT is now unlikely to sell more shares in near future for it doesn't want its shareholding...
- BAT to sell 3.5% stake in ITC at Rs 384-400 per share in $2.1 billion block deal on WednesdayDebt-ridden British American Tobacco (BAT) plans to sell a 3.5% stake in ITC Ltd for $2.1 billion, reducing its shareholding to 25.5%. BAT'...
- BAT confirms evaluating selling of small part of stake in ITCBritish American Tobacco (BAT) is considering selling a small part of its shareholding in ITC. BAT owns 29% stake but believes 25% is enoug...
- 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 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 clarifies it won't buy stake in hotels if BAT wants an exit after demergerThe world's largest tobacco company, British American Tobacco (BAT) which owns 29% stake in ITC, would end up owning about 17.4% stake in I...
- 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.
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