News for '-british-american-tobacco-plc'

BAT to sell up to 3.5% stake in ITC via block trade

BAT to sell up to 3.5% stake in ITC via block trade

Rediff.com12 Mar 2024

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.

MPs, health officials spar over tobacco pack warnings

MPs, health officials spar over tobacco pack warnings

Rediff.com8 Jan 2016

Some questions cited concerns that larger warnings can hurt tobacco farmers and boost illicit trade.