BRITISH AMERICAN TOBACCO P.L.C. (BAT), the London-based tobacco giant, has reduced its stake in Kolkata-headquartered diversified conglomerate ITC Ltd by selling some 436.85 million shares on March 13. The block trade of shares, comprising approximately 3.5% stake in ITC, was sold to institutional investors by way of an accelerated bookbuild process, where shares are offered in a short time period with hardly any marketing. While the move created ripples among market investors in India, BAT’s strategy to utilise the proceeds over the next 18 months to buy back its shares resulted in an upward movement of its stock on the London Stock Exchange (LSE).
この記事は Business Today India の April 14, 2024 版に掲載されています。
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この記事は Business Today India の April 14, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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