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 | ||
425.1 INR | -3.61% | -2.42% | -8.01% |
07/05 | INDIA STOCKS-Indian shares give up early gains; volatility at 15-month high | RE |
02/05 | India widens spices crackdown with nationwide checks on all manufacturers | RE |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,401 GBX | -0.21% | +1.27% | 66.76B | ||
425.1 INR | -3.61% | -2.42% | 65.96B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-8.01% | 65.96B | |
+19.12% | 48.78B | |
+5.29% | 7.58B | |
-15.64% | 5.46B | |
0.00% | 2.54B | |
-12.05% | 2.14B | |
-27.70% | 1.85B | |
-13.73% | 1.22B | |
-17.04% | 1.1B | |
+0.58% | 1.02B |
- Stock Market
- Equities
- ITC Stock
- News ITC Limited
- BAT Reportedly to Launch ITC Selldown as Soon as This Week