BAT reduces stake in ITC Limited


British American Tobacco (BAT) has reduced its shareholding in ITC Limited – formerly India Tobacco Company Limited, the cigarette market leader in India.

As of March 2024, BAT holds 25.5% of ITC (down from nearly 30%) which still allows it to hold seats on the board.

For more information see:

See also ITC’s entry on the Tobacco Supply Chain Database

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