ITC Ltd Closing in on British American Tobacco in Value

Business by 2FIRSTS.ai

Mar.15.2024

ITC Ltd Closing in on British American Tobacco in Value

Indian tobacco major ITC Ltd's market value is catching up to British American Tobacco, which recently sold ₹17 billion worth of ITC shares.

According to a report by Moneycontrol, Indian tobacco giant ITC Ltd is rapidly catching up to British American Tobacco in terms of market value. British American Tobacco recently sold ITC shares worth approximately Rs 17,000 crore.

At present, the market value of ITC Limited is $64 billion, slightly lower than British American Tobacco's $68 billion. It is worth noting that while British American Tobacco's stock price has dropped by 21% in the past year, ITC's stock price has increased by approximately 11%.

British American Tobacco initially invested in this stock in the 1900s. Prior to this sale, British American Tobacco held around 29% of the shares in ITC.

References:

[1] ITC's market capitalisation catching up with British American Tobacco

Also Read:

[1] BAT Sells 3.5% Stake in ITC for $2.1 Billion

[2] BAT Initiates Stock Buyback and ITC Share Sale

[3] BAT Considering Sale of Partial Stake in Indian ITC Company

#Traditional tobacco #Asia #India #Major companies

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Philip Morris Korea Launches New TEREA Packaging for IQOS ILUMA to Mark Third Anniversary

Philip Morris Korea has announced a new packaging design for TEREA, the dedicated tobacco stick brand for its heat-not-burn device IQOS ILUMA, to celebrate the third anniversary of its launch in South Korea. The newly designed products are now available at nine IQOS flagship stores and major convenience stores across the country.

Nov.13 by 2FIRSTS.ai

Altria Director George Muñoz to Retire After 2026 Shareholder Meeting;

Altria director George Muñoz plans to retire post-2026 annual meeting, not seeking re-election. Annual meeting expected on May 14.

Oct.15 by 2FIRSTS.ai

China’s E-Cigarette Exports Reached USD 879 Million in September 2025, Down 6.08% MoM— U.S. Remains Top Market, Russia Falls Sharply

In September 2025, China’s total e-cigarette exports reached USD 879 million, representing a 6.08% decline month-on-month but a 3.41% increase year-on-year.

Oct.20 by 2FIRSTS.ai

Lithuanian Schools Install Vape Detectors as Teen Vaping Surges

Over 30 Lithuanian schools have installed smart vape detectors to curb rising teen e-cigarette use. WHO data show Lithuania ranks worst among 44 countries, with 60% of 15-year-olds having tried vaping. The system alerts staff to smoke and noise changes, helping schools reduce on-campus vaping cases.