3Wk·

British American Tobacco keeps the cash register ringing and additionally boosts share buybacks

British American Tobacco $BATS (-1.29%) has completed another billion-dollar sale of shares in Indian consumer goods giant ITC, selling a total of 313 million shares at a price of 413 Indian rupees each, Reuters reports.

This corresponds to a discount of 4.8 percent on Tuesday's closing price and proceeds of around 1.5 billion US dollars.

Despite the partial sale, BAT remains the largest shareholder in ITC, according to LSEG. The transaction was accompanied by Goldman Sachs and Citigroup.

Parallel to the sale of shares, BAT announced an increase in its current share buyback program by 200 million pounds to 1.1 billion pounds (1.49 billion US dollars).

According to the company, the transaction will have no impact on the outlook for the current financial year.

4 Comments

Stephan Schnee@MrCumEx

3Wk

But we no longer hold a 25% stake in ITC, do we?

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Ruben Schoff@Sand

1Wk

@MrCumEx marginally less but still over 20 percent

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Stephan Schnee@MrCumEx

1Wk

@Sand Thank you very much. The share is doing great at the moment. Simply a great share!

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Stephan Schnee@MrCumEx

1Wk

@Sand It's a shame, but there's nothing you can do: As of June 2025, British American Tobacco (BAT) holds approximately 22.9% of the shares in ITC Limited. This figure is based on the most recent transaction on May 28, 2025, in which BAT sold a 2.5% stake (313 million shares) for USD 1.5 billion, reducing its holding from approximately 25.5% to 22.94% (rounded 22.9%).

Note: The exact percentage may vary minimally depending on the source (e.g. 22.93% or 22.94%), but 22.9% is the most consistent figure in the available information.

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