<ul><li>BAT plans to offload 2.3% stake in ITC through a block deal to raise £200 million for increased financial flexibility.</li><li>The proceeds will be used to reduce debt and support a sustainable buyback program, aiming to achieve target leverage ratios by 2026.</li><li>BAT, holding a 25.4% stake in ITC, views ITC as a strategic partner in India with long-term growth potential.</li><li>ITC Ltd. recorded a significant increase in net profit for the fourth quarter of the last fiscal year, mainly due to a one-time exceptional gain.</li></ul>

BAT to offload 2.3% stake in ITC via block deal, aims to raise £200 million

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