ITC Shares Dip as BAT Sells US$1.5B Stake

British American Tobacco (BAT) has divested a US$1.5 billion stake in ITC Group, selling shares at INR413 (approximately US$4.95) each, as revealed in a term sheet by Reuters. This significant transaction highlights BAT's strategic financial maneuvers within the market. For more details on the implications and background of this sale, further exploration is encouraged. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Tobacco Asia magazine Tobacco Industry magazine reporting on cigarettes, e-cigarettes, cigars, RYO, bidis, kretek, cigarillos, chewing tobacco, tobacco equipment, tobacco machinery, tobacco packaging