Yesterday, $BTI provided more details of its plan to sell part of its stake in ITC Ltd and use the proceeds to buy back its own shares.
They intend to sell the shares, representing up to a 3.5% stake in ITC. They will therefore continue to hold a 25.5% stake.
From this sale, the company is expected to raise over $2 billion, which they will use to buy back their own shares over...
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Great, that made me happy. I think I'll buy some more :D