Historic Decision for ITC Ltd. In a significant development that marks a new chapter in the history of ITC shareholders have overwhelmingly approved the demerger of the company’s hotel business …
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ITC
BusinessCompanyInvestment Basics
ITC’s Q4 earnings: Net profit drops slightly to Rs 5,020 crore; declares dividend.
by smtfin
On Thursday, ITC Ltd announced a standalone net profit of Rs 5,020.20 crore for the March 2024 quarter, marking a 10% year-on-year decline. In the March 2024 quarter,ITC’s Q4 earnings: …
CompanyTechnology
ITC shares surge following ITC Infotech’s acquisition of Pune-based IT firm for Rs 485 crore.
by smtfin
ITC Share Price | On 24 July 2023 and 19 April 2023, the share reached its 52-week high at Rs 499.60 and 52-week low at Rs 396.00, respectively. ITC Ltd …
Business
British American Tobacco (BAT) has divested a 3.5% stake in ITC through a block deal worth Rs 17,500 crore , causing the stock to surge by over 8%
by admin
British American Tobacco (BAT) decreased its ownership in ITC by selling a 3.5% stake, intending to utilize the proceeds for share repurchase. Following this development, ITC’s stock price experienced an …
British American Tobacco (BAT) is contemplating selling a portion of its stake in ITC. With a current ownership of 29%, BAT considers retaining 25% for strategic influence. BAT encounters challenges …
Market News
Jefferies downgrades ITC to ‘Hold’ as British American Tobacco considers selling stake
by admin
ITC’s stock dropped approximately 4 percent at market close following reports of major shareholder BAT considering a partial stake sale. What are the key concerns?