British multinational BAT Plc on Wednesday trimmed its ownership in conglomerate ITC by divesting a 2.5 per cent stake for Rs 12,927 crore ($1.51 billion) through a block deal, according to a revised term sheet accessed by PTI. Following the stake sale, shares of ITC went lower by 1.15 per cent to trade at Rs 421.15 apiece on the NSE.
British multinational BAT PLC on Tuesday said it plans to sell up to 3.5 per cent stake in India's ITC Ltd to institutional investors through a block trade. In a statement, British American Tobacco PLC (BAT), the single largest shareholder in ITC Ltd (ITC), said its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd (TMI) intends to sell up to 43,68,51,457 ordinary shares in the Indian diversified entity to institutional investors by way of an accelerated bookbuild process (block trade), subject to customary closing conditions.
Cyclist Meenakshi suffered a crash and was run over by one of her opponents during the women's 10km scratch race at the Commonwealth Games in Birmingham on Monday.
Three cyclists were taken to hospital after a serious crash during the second heat of the men's scratch race at the 2022 Commonwealth Games in Birmingham on Sunday.
Indian cyclist Vishavjeet Singh, who qualified for the final in the men's 15km scratch race, had a narrow escape in horrific crash that grabbed the spotlight at the Commonwealth Games on Sunday.
Seven-times champion Lance Armstrong will come out of retirement and compete in next year's Tour de France, the cycling magazine VeloNews reported on Monday. Velonews cited sources on its website as saying that Armstrong, 36, would compete in the Amgen Tour of California, Paris-Nice, the Tour de Georgia, the Dauphine-Libere and the Tour de France.
Eleven days, 18 hours and 45 minutes after setting out from California, Srinivas Gokulnath created history by becoming the first Indian to complete what is considered to be the toughest cycle race in the world -- the 4,900-km Race Across America (RAAM) in the solo category.
Summary of sports events and persons who made news on Monday
Check out the main contenders for this year's Tour de France, which starts on Saturday in Utrecht, Netherlands.
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