Inside BAT’s Bold ITC Stake Sale: ₹1.36 Billion Deal That Could Reshape the FMCG Giant’s Future
BAT-ITC Stake Sale: British American Tobacco (BAT), the largest shareholder in FMCG giant ITC Ltd, is offloading a 2.3% stake via a ₹11,300 crore block trade. This BAT ITC stake sale comes just months after BAT’s previous 3.5% dilution in March 2024. While BAT still sees ITC as a strategic partner, this move is meant...