Torrential rain proved to be a blessing in disguise for the ITC top brass, many of whom had anticipated fireworks at the AGM. A number of seats at the meeting remained vacant as shareholders, dissuaded by the rains, stayed away. A certain senior executive of the company was apprehensive that the tent would not be able to take on the might of the weather gods and was seen sitting just next to the exit gate, just in case......

An emotionally charged shareholder wanted financial institutions to sell out their stake in ITC Ltd. Admonishing the FIs for passively watching while the company was hit by one scam after another, he offered a word of advice: You should sell your stake in the company whether it is to BAT or Cat or Rat!.

Another shareholder, agitated over the clash between ITC and its parent company BAT, suggested in chaste Hindi: Aap yeh gend aur balle baji ka khel company ke bahar kheliye (play the `BAT

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First Published: Aug 23 1996 | 12:00 AM IST

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