British American Tobacco

British American Tobacco sells 9% stake in ITC Hotels for ₹3,820 crore

The ITC Hotels stock on Friday closed at ₹206 a share on the BSE, down by 0.84%

British American Tobacco plans to offload stake in India's ITC Hotels

Dec 4 (Reuters) - British American Tobacco is looking to offload its stake in India's ITC Hotels, it said on Thursday, through an accelerated bookbuild process

ITC stake strategic investment, not financial: BAT chief executive Marroco

Marroco also confirmed that BAT would keep its two directors on the ITC board so that it has an influence

BAT pares stake in ITC to 22.9%, relinquishes veto power in key move

BAT's latest stake sale trims its ITC holding below 25 per cent, ending veto rights just a year after it cited the importance of maintaining control through board influence

BAT evaluating sale of small part of ITC stake, confirms in LSE filing

BAT may offload a small portion of its 25.45% stake in ITC via on-market trade, but says no certainty of deal; earlier divestment funded share buyback

ITC's top investor BAT considering further stake sale in Indian FMCG major

The development comes almost a year after BAT sold around 3.5 per cent of its stake in ITC for around $2 billion

ITC Hotels dips 3% after BAT unveils plans to divest its stake in company

BAT's chief executive Tadeu Marroco in a post-results analysts meeting said that they have no interest in staying invested in ITC Hotels for the long term and they will figure out the the right time

BAT to divest stake in ITC Hotels at the 'right moment': Tadeu Marroco

Reiterating BAT's position on ITC Hotels, Marroco said at a post-results analyst meet, "BAT has no interest in becoming a long-term shareholder of a hotel chain in India

Increase taxes anymore and we leave: British American Tobacco to Pak govt

Multinational company warns country's leadership against increasing taxes on tobacco

Citi confirms Vashistha to continue as head of India equity capital markets

On a year-to-date basis, Citi has overseen ECM deals worth $4 billion, with a 14 per cent market share - ranking number one on the India ECM league table

BAT starts $2 billion buyback after selling part of its stake in ITC

The London-listed company said it will purchase £700 million of its shares in 2024 and £900 million by the end of 2025

BAT sells 3.5% stake in ITC for Rs 17,485 cr via open market transactions

British multinational BAT Plc on Wednesday divested a 3.5 per cent stake in FMCG-to-hotel conglomerate ITC Ltd for Rs 17,485 crore through open market transactions. British American Tobacco Plc (BAT), through its affiliate Tobacco Manufacturers (India) Ltd, offloaded more than 43.68 crore equity shares of ITC, amounting to 3.5 per cent stake, according to the block deal data available with the BSE. The shares were sold in 48 tranches, with an average price of Rs 400.25 apiece, taking the transaction value to Rs 17,484.97 crore.

ITC surges 9% in best single-day rally since April 2020 on BAT's stake sale

ITC's stock reported its sharpest intra-day rally since April 3, 2020 when it had surged nearly 10 per cent

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday

British firm will use the proceeds of block trades to buy back own shares

BAT plans to sell up to 3.5% of stake in ITC, will own 25.5% after sale

The sale of 437 million ordinary shares in ITC through a block trade, will cut the Dunhill cigarette maker's shareholding to about 25.5% from about 29%

British American Tobacco to sell ITC stock worth $2-3 bn this week: Report

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said

Street signs: ITC's drag, Indiabulls high rollers, Paytm Money urgency

The foreign direct investment cap in ITC means that BAT cannot directly sell to another foreign entity

BAT stake sale, tax overhang: 4 reasons why Jefferies has downgraded ITC

Jefferies downgraded the stock to 'hold' from 'buy' earlier with a target price of Rs 430, down a huge 17.3 per cent from its earlier price target of Rs 520.

British American Tobacco 'actively' looking to monetise ITC stake

We want to keep a level of influence in ITC, says BAT chief

British American Tobacco writes down US cigarette brands, stocks fall

BAT's move comes as ever-stricter regulation and growing awareness of health risks squeeze tobacco companies' traditional business, driving declines in cigarette volumes in some markets