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Декабрь
2023

Diluting stake in ITC Complex, says its largest shareholder

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British American Tobacco (BAT), the largest shareholder in ITC with a 29.02% stake, is open to paring its stake in the Indian conglomerate to about 25% but such a transaction would be complex mainly due to India's strict foreign direct investment (FDI) rules for tobacco, said chief executive Tadeu Marroco.



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