British American Tobacco Sells $1.5 Billion Stake in Indian FMCG Giant ITC #shorts #news #newstoday

British American Tobacco $BATS.L, a leading global tobacco company, has recently completed a significant divestment by selling a substantial stake in India’s diversified consumer goods conglomerate ITC Limited $ITC.NS. The transaction, valued at approximately $1.5 billion, reflects BAT’s strategic portfolio management amid evolving global market dynamics and its ongoing focus on core tobacco operations. This move also underscores the growing significance of Indian consumer markets for multinational companies.

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