British American Tobacco p.l.c. (LSE:BATS) is preparing to kick off a sale of part of its stake in Indian partner ITC Limited (NSEI:ITC) as soon as this week, people with knowledge of the matter said. London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
440 INR | +0.56% | +3.59% | -4.78% |
Apr. 25 | ITC Opens New Hotel in Sri Lanka | MT |
Apr. 24 | ITC to Hold Meeting of Ordinary Shareholders on June 6 to Approve Scheme | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,326 GBX | -0.47% | +0.69% | 64.43B | ||
440 INR | +0.56% | +3.59% | 65.87B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-4.78% | 65.87B | |
+7.54% | 74.51B | |
+14.60% | 47.11B | |
+2.30% | 7.29B | |
-6.70% | 5.99B | |
-4.50% | 2.43B | |
-6.03% | 2.27B | |
-29.73% | 1.79B | |
-3.67% | 1.36B | |
-11.55% | 1.17B |
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