ITC’s shares jumps as BAT’s $2 billion share sale sails through
The logo of ITC. File | Photo Credit: Reuters Indian FMCG and tobacco giant ITC’s shares jumped more than 8% on March 13, after top shareholder British American Tobacco’s $2 billion stake sale in the company went through smoothly, removing a key overhang on the stock. In India’s third-largest block deal, BAT completed the sale…
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