ITC
2024 - 3 - 12BAT to Sell Stake in ITC: What You Need to Know
BAT - Block Deal - FMCG - Investment Strategy - ITC - Stake SaleBreaking news: BAT plans to offload 3.5% stake in ITC! Get all the juicy details here!
In a surprising move, British American Tobacco (BAT) is set to sell a 3.5% stake in ITC Ltd, aiming to reduce its shareholding to 25.5%. The stake sale, valued at a whopping $2.1 billion, involves offering 436.9 million shares at a price range of Rs 384 to Rs 400.25 per share. This decision comes amidst BAT's efforts to alleviate its debt burden and streamline its investment portfolio. The block trade sale via accelerated book building is expected to shake up the market and attract institutional investors.
ITC, known for its diverse business portfolio, including FMCG and cigarettes, is likely to see fluctuations in its stock price following this major stake sale. Investors are closely watching the developments and assessing the impact on the company's future growth trajectory. The sharp drop in ITC's share price to Rs 400 signals a challenging period, prompting strategic decisions for both BAT and ITC to ensure stability and profitability.
In related news, ITC's recent performance has been marked by a 20% decrease in share value, raising concerns among stakeholders. The company's ability to navigate through market challenges and maintain investor confidence will be crucial in the coming days. Additionally, the bonus shares and dividends offered by ITC earlier highlight its efforts to retain investor interest despite the challenging market conditions.
As the BAT-ITC stake sale saga unfolds, the stock market remains abuzz with speculation and analysis. The impact of this strategic move on both companies and the sector as a whole will be closely monitored by industry experts and investors. Stay tuned for more updates on this evolving story!
BAT to sell 3.5% stake in ITC at Rs 384-400 per share in $2.1 billion ... (The Economic Times)
Debt-ridden British American Tobacco (BAT) plans to sell a 3.5% stake in ITC Ltd for $2.1 billion, reducing its shareholding to 25.5%.
BAT launches 3.5% ITC stake sale via block trade, to hold 25.5 ... (Business Today)
BAT is offering 436.9 million shares at Rs 384 to Rs 400.25 each, as per a total deal size of Rs 16775 crore.
BAT to sell 3.5% ITC stake for Rs 16775 crore; offers shares at 5 ... (Moneycontrol.com)
British American Tobacco plans to sell up to 43.69 crore ITC shares via accelerated book building at Rs 384-400.25 per share.
BAT Plc to sell up to 43.69 crore shares of ITC in block trade (The Hindu BusinessLine)
BAT Plc to sell 3.5% stake in ITC Ltd for up to ₹17500 crore, plans share buyback.
UK-based BAT plans to sell up to 3.5% stake in ITC through block ... (Business Standard)
British American Tobacco (BAT), the multinational company that makes and sells cigarettes, tobacco and other nicotine products, on Tuesday said it planned ...
BAT to offload 3.5% stake in ITC via block trade; details here | Mint (Livemint)
ITC further mentioned that after the completion of the proposed block trade, BAT would retain a substantial stake in ITC, maintaining a 25.5 percent ...
BAT to sell up to 3.5% stake in ITC via block trade (Deccan Herald)
New Delhi, Mar 12 (PTI) BAT PLC on Tuesday said it plans to sell up to 3.5 per cent stake in India's ITC Ltd to institutional investors through a block ...
1:2 Bonus Shares, 3.20% डिविडेंड यील्ड, इस FMCG Stock पर 35 ... (Economic Times Hindi)
FMCG Stocks: आईटीसी ने जनवरी में 480 का लेवल तोड़ा था. स्टॉक में गिरावट आई, जो इसे 400 रुपए तक के लेवल पर ले आई.
ITC के लिए BAT ने ब्लॉक ट्रेड किया लॉन्च, 3.5% शेयर बेच सकती है (BQ Prime Hindi)
ब्रिटिश अमेरिकन टोबैको (BAT) ने ITC के ब्लॉक ट्रेड के लिए 384 से 400.25 रुपये/प्रति शेयर का भाव तय किया है. इससे कंपनी को 17482 करोड़ ...
ITC Block Deal: बुधवार को आईटीसी में ब्लॉक डील, ब्रिटिश अमेरिकन टोबैको ... (ABP News)
ITC Share Block Deal: एफएमसीजी और सिगरेट बनाने वाली कंपनी आईटीसी लिमिटेड में बुधवार को कारोबारी सत्र में बड़ा ब्लॉक डील होने वाला है. ब्रिटिश ...
ITC Shares: शिखर से 20% टूटा आईटीसी का शेयर, ₹400 से नीचे लुढ़का ... (मनी कंट्रोल)
ITC Shares: आईटीसी लिमिटेड के शेयरों में आज 12 मार्च को लगातार दूसरे दिन गिरावट रही और शेयर 2.5% और टूट गया।
BAT to buy back $895 mln shares in 2024 after ITC share sale (Reuters)
Shares in British American Tobacco rose on Tuesday on news the company would buy back 700 million pounds ($895 million) worth of shares this year after ...
BAT to sell 3.5% stake in ITC via block deal - The Economic Times (The Economic Times)
ITC's largest shareholder BAT Plc on Tuesday said in a statement that its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd will sell around 3.5% ...
BAT to sell 3.5 pc ITC stake worth Rs 16775 crore (The Indian Express)
The block deal price band ranges from Rs 384 to Rs 400.25. ITC shares closed 1.26 per cent lower at Rs 404.25 on the BSE Tuesday.
Buzzing Stocks: ITC, Aurobindo Pharma, Vedanta, Macrotech ... (Moneycontrol.com)
Stocks to watch: Check out the companies making headlines before the opening bell today, on March 13, 2024.
Stocks to Watch: ITC, SBI, Vedanta, ZEE, HCC, RIL, Dr Reddy's | Mint (Livemint)
ITC: British American Tobacco has initiated a block deal to offload a 3.5 percent equity stake in ITC to institutional investors, potentially raising as ...
ITC block deal today: BAT to sell Rs 17K crore ITC shares; will it ... (Business Today)
ITC block deal: Abhilash Pagaria of Nuvama Institutional Equities said the move would lead to $105 million inflows into domestic indices.
Stocks to watch out for today: ITC, Vedanta, KFin Technologies ... (Business Today)
Sensex ended 165 pts higher at 73667 and Nifty added 3 points to close at 22335.
ITC share price jumps over 8% as BAT sells 3.5% stake in block ... (Livemint)
ITC shares have corrected nearly 20% from its peak and are down more than 13% year-to-date (YTD) amidst news of the stake sale by BAT.
हिस्सेदारी बेचने की खबर के बाद आईटीसी के शेयर पर टूटे निवेशक, 6 फीसद से ... (Hindustan हिंदी)
ITC Share Price: बहुराष्ट्रीय कंपनी BAT पीएलसी भारत की आईटीसी लिमिटेड की 3.5 पर्सेंट तक हिस्सेदारी बेचने की योजना बना रही है।
Explained: Why Is ITC Stake Sale By BAT A Buying Opportunity? (NDTV Profit)
Shares of ITC Ltd. are at an 'attractive valuation' following the sell-off caused by British American Tobacco Plc. announcement to offload stake in the ...
ITC के शेयरों में 6% की तगड़ी तेजी, BAT ने ₹17500 करोड़ में बेची कंपनी की ... (मनी कंट्रोल)
ITC Block Deal: ब्रिटिश अमेरिकन टोबैको (BAT) ने आज 13 मार्च को शेयर बाजार खुलते ही आईटीसी लिमिटेड (ITC Ltd) में अपनी करीब 3.5 प्रतिशत ...
ITC Share Price: आईटीसी पर फिदा ब्रोकरेज, इस कारण अपग्रेड कर दी रेटिंग (मनी कंट्रोल)
ITC Share Price: लॉन्ग टर्म से शेयरहोल्डर रही BAT ने एक ब्लॉक डील में ITC के 16700 करोड़ रुपये के शेयर बेच दिए। इसने जितने शेयर बेचे ...
ब्लॉक डील से रॉकेट हुआ ITC का शेयर, ब्रोकरेज ने भी रेटिंग को किया डबल ... (Zee Business हिंदी)
ITC Share Price: ब्लॉक डील के जरिए BAT की स्टेक सेल की खबर से ब्रोकरेज हाउस ITC पर बुलिश हैं. HSBC ने आईटीसी की रेटिंग को डबल ...
ITC Share: ब्लॉक डील के ऐलान के बाद आईटीसी के शेयरों में उछाल, कंपनी का ... (दैनिक जागरण)
ITC Share Update आज शेयर बाजार के दोनों इंडेक्स यानी सेंसेक्स और निफ्टी में आईटीसी के शेयर में शानदार तेजी देखने को मिल रही है।
ITC Block Deal: ब्लॉक डील के बाद शेयरों ने पकड़ी रफ्तार, BAT ने ₹17500 ... (Business Standard Hindi)
ITC Block Deal: इस ब्लॉक डील के बाद अह ITC में BAT की हिस्सेदारी 25.5 फीसदी पर आ जाएगी। पहले ये हिस्सेदारी 29 फीसदी थी।
Why ITC share price rose over 8% today, biggest single-day gain ... (Hindustan Times)
ITC share price today: In the block deal that took place in the pre-market block window, around 43.7 crore ITC shares changed hands.
ITC shares jump nearly 9%; mcap soars by ₹32127 crore amid ... (The Hindu)
British multinational BAT PLC on Tuesday said it plans to sell up to 3.5% stake in India's ITC Ltd to institutional investors through a block trade. March 13, ...
Explained: Why ITC limited shares surged 8% today (India Today)
ITC shares surge 8% after block deal · British American Tobacco believed to be seller · Shares worth Rs 17,569.61 crore traded on BSE.
ITC में ब्लॉक डील, शेयर में 5% का उछाल, BAT के शेयर बेचने से चिंता खत्म हुई (BQ Prime Hindi)
ITC को ट्रैक करने वाले 37 एनालिस्ट में 34 ने कंपनी शेयर खरीदने, 2 ने होल्ड करने और 1 ने बेचने की सलाह दी है. NDTV Profit हिंदी.
ITC's shares jumps as BAT's $2 billion share sale sails through (The Hindu)
ITC shares surge over 8% as British American Tobacco completes $2 billion stake sale, boosting stock outlook.
ITC Block Deal: Stock gains 6% after BAT sells shares worth ... (CNBCTV18)
Based on the December quarter shareholding pattern, BAT held a 29% stake in ITC. Post this stake sale, BAT will hold a 25.5% stake in the company.
No plans to sell government's stake in ITC, says DIPAM Secretary (The Indian Express)
"There is no such plan at the moment," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI.
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