ITC’s Raw Tobacco Sales To BAT Rise 35% YoY In FY25
In its annual report, ITC states that sales to BAT rose to Rs 1445.27 crore in 2025 from Rs 1070.96 crore in 2024
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British American Tobacco Eyes Selling 2.3% Stake In ITC: Reports
- by BW Retail World Bureau
- May 28, 2025
The reports state that the deal is worth around USD 1.4 billion, and the company is eyeing to sell the stake in a block trade deal
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British American Tobacco To Sell Stake In ITC
- by BW Retail World Bureau
- March 12, 2024
British American Tobacco Plc (BAT), known for its Lucky Strike cigarettes, is poised to initiate the sale of a portion of its stake in its Indian partner, ITC, as early as this week, according to media reports. Reports suggest that London-listed BAT has been in discussions with Bank of America Corp. and Citigroup Inc. regarding […]
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Italy Fines BAT, Amazon €7 Mn For Misleading Heated Tobacco Ads
- by BW Retail World Bureau
- February 16, 2024
Italy’s AGCM competition watchdog has fined British American Tobacco (BAT) and Amazon a total of 7 million euros ($7.5 million) for misleading advertising concerning heated tobacco products. BAT faces a 6 million euro fine, while Amazon’s penalty is 1 million euros. The fines were imposed due to insufficient information provided to consumers about the nicotine […]