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Our ITC holding strategic, not financial: BAT
Business Standard
|June 04, 2025
British American Tobacco plc (BAT) still considers its holding in ITC a "strategic investment", Chief Executive Tadeu Marroco said on Tuesday, days after the UK-based tobacco giant trimmed its stake in the cigarettes-to-soap conglomerate.
On May 28, BAT sold 2.5 per cent in ITC with net proceeds amounting to ₹12,941 crore. The sale reduced BAT's holding in ITC to 22.93 per cent.
Responding to a question on how the ITC stake should be viewed during a post-results conference, Marroco said: "The ITC stake is still for us a strategic investment. It's not a financial investment."
Cette histoire est tirée de l'édition June 04, 2025 de Business Standard.
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