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ITC's business with BAT grows 10% to Rs 1,587 crore in FY26, but dividend payout falls 9%
ITC's business with major shareholder British American Tobacco (BAT) saw a 10% expansion in sales to Rs 1,587 crore in FY26, though dividend payouts to BAT decreased. Despite a complex history, BAT views its stake as strategic, citing India's market potential. These related-party transactions suggest strengthening ties between the two entities.
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economictimes.indiatimes.com
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Two British American Tobacco-linked entities receive Rs 3,896 crore ITC dividend in FY26
British American Tobacco's Indian entities received ₹3,895.74 crore in dividends from ITC in FY26, a slight decrease from the previous year due to reduced holdings. ITC also…
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ITC's business with BAT grows 10% to Rs 1,587 crore in FY26, but dividend payout falls 9%
ITC's business with major shareholder British American Tobacco (BAT) saw a 10% expansion in sales to Rs 1,587 crore in FY26, though dividend payouts to BAT decreased. Despite a…