British American Tobacco p.l.c. (LSE:BATS) said it will sell around 3.5% of its stake in ITC Limited (NSEI:ITC) to institutional investors in block deals on March 13, 2024. London-based BAT is ITC?s largest shareholder, owning slightly more than 29% in the largest domestic cigarette maker, and will remain so even after the transaction, with around 25.5%. According to the term sheet, the price range for the proposed sale of shares is INR 384-400.25 apiece, which translates to a discount of up to 5% at the lower end of the price band, going by ITC?s closing price on March 12, 2024 on the BSE.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
436.4 INR | -0.58% | -0.81% | -5.55% |
May. 02 | India widens spices crackdown with nationwide checks on all manufacturers | RE |
Apr. 25 | ITC Opens New Hotel in Sri Lanka | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,355 GBX | -0.67% | +1.25% | 65.69B | ||
436.4 INR | -0.58% | -0.81% | 65.34B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-5.55% | 65.34B | |
+8.06% | 74.87B | |
+18.05% | 49.96B | |
+5.98% | 7.67B | |
-12.85% | 5.65B | |
+4.00% | 2.64B | |
-11.81% | 2.15B | |
-28.86% | 1.82B | |
-13.04% | 1.23B | |
-11.58% | 1.17B |
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- British American Tobacco p.l.c. to Offload 3.5% of ITC on March 13, 2024