BAT plans to buy back shares over a period ending in December 2025, the company said
British American Tobacco said on Tuesday it plans to sell up to 3.5% of its stake in India’s ITC and use the proceeds to buy back shares, including 700 million pounds of shares by 2024.
The sale of 437 million shares of ITC common stock in a block trade will reduce cigarette maker Dunhill’s shareholding from about 29% to about 25.5%.
First print: March 12, 2024 | 6:03 PM IST