ITC stake strategic, not financial investment: BAT
- Posted on June 3, 2025
- By Financial Express
- 2 Views
ITC stake strategic, not financial investment: BAT
BAT trims ITC stake to 22.9%, raising Rs 12,927 crore but calls it a strategic, not financial, investment. BAT to retain board influence with two directors. Proceeds to support share buyback. ITC reports strong Q4 profits and remains favored by analysts with 38 out of 40 rating it a 'buy'.
