British American Tobacco Sells 2.5% Stake in Indian Conglomerate ITC for $1.42 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2025
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Source: WSJ
Shareholding Sale: British American Tobacco sold a 2.5% stake in Indian conglomerate ITC for £1.05 billion ($1.42 billion), exceeding initial expectations.
Transaction Details: The sale involved 313 million shares and was executed through an accelerated book-build process.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
