British American Tobacco divests 3.5 pc stake in ITC for Rs 17,485 cr
- Country:
- India
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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement
ALSO READ
HDFC Bank reports a significant increase in Q4 net profit, reaching Rs 17,622 crore
HDFC Bank posts Rs 17,257 cr profit for Q4; sets aside Rs 10,900 cr floating provisions
(Eds: Corrects to say preceding quarter) HDFC Bank's March quarter net profit rises 2.11 per cent to Rs 17,622.38 crore against Rs 17,257.87 crore in preceding Dec quarter.
HDFC Bank's March quarter net profit rises 2.11 per cent to Rs 17,622.38 crore against Rs 17,257.87 crore a year ago.
Macrotech Developers Targets 21% Surge in Pre-Sales to Rs 17,500 Crore in FY25 Amidst Housing Market Boom