British American Tobacco signals India's ITC stake disposal, shares jump
British American Tobacco is "actively working" to sell some of its shareholding in India's ITC, it said on Thursday, sending its shares up almost 8% as investors cheered a move towards resuming share buybacks.The maker of Dunhill and Lucky Strike cigarettes disappointed investors when it opted against a fresh buyback programme last year to focus on reducing debt and investing in new products.
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