ITC tanks 5% as BAT mulls stake sale
Shares of ITC drop 5% as British American Tobacco reviews its stake.
Shares of ITC drop 5% as British American Tobacco reviews its stake.
ITC says stock limits on wheat, a ban on non-basmati rice exports and export duty on parboiled rice, further limited business opportunities for the agriculture business.
ITC will hold a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the company's shareholders
The cigarette-to-hotel conglomerate will buy Yoga Bar parent in one or more tranches over a time period of about three to four years.