British American Tobacco (BAT) considers selling its stake in ITC, potentially lowering its value to near-nine-month lows.

British American Tobacco (BAT) is considering selling its stake in Indian conglomerate ITC, causing ITC's shares to drop to their lowest level in nearly nine months. BAT has held a stake in ITC since the early 1900s and is currently the company's largest shareholder. BAT aims to leverage its long-standing shareholding to release and reallocate capital, enhancing balance sheet flexibility and continuously reviewing its stake in ITC.

February 08, 2024
13 Articles