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Shares of India's largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. Tap to read: https://www.hindustantimes.com/business/itc -shares-plunge-most-in-six-years-after-india-raises
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Tobacco may be a shrinking habit, but it's still a massive business on the markets. ITC dominates the space by an unbelievable margin, with a valuation far bigger than all other listed
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The stake sale by BAT's India arm, Tobacco Manufacturers (India), aims to boost financial flexibility for BAT, continuing its investment in transformation and maintaining ITC as a key partner. Read more: Link
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ITC Limited India
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