ITC declares a dividend payout of Rs 3,896 crore that benefits shareholders linked to British American Tobacco (BAT), even as their stakes in ITC have declined. According to the report, two BAT-linked entities receive dividend income that falls year-on-year, reflecting the impact of reduced holdings in ITC. While the dividend amount from ITC is unchanged for the purpose of the payout announced by the company, the lower shareholding for the BAT-linked entities translates into lower dividend income compared with the prior year. Despite the stake reduction, BAT-linked entities remain among ITC’s key shareholders. The report frames the development as a result of changes in shareholding levels: the reduced stakes lead to lower dividend receipts for those entities, while ITC continues to maintain BAT-linked ownership and their continued significance in its shareholder base.
ITC declares Rs 3,896-crore dividend benefiting BAT-linked shareholders despite stake reduction
ITC declares a dividend payout of Rs 3,896 crore that benefits shareholders linked to British American Tobacco (BAT), even as their stakes in ITC have declined. According to the report, two BAT-linked...
- ITC declares a total dividend payout of Rs 3,896 crore.
- Two entities linked to British American Tobacco receive dividends.
- Dividend income for the two BAT-linked entities declines year-on-year.
- The decline is attributed to stake reductions in ITC.
- BAT-linked entities remain key shareholders of ITC.
Two BAT-linked entities saw dividend income decline year-on-year as stake reductions in ITC weighed on payouts, while the tobacco giant retained its position as a key shareholder.
1 month agoTwo BAT-linked entities saw dividend income decline year-on-year as stake reductions in ITC weighed on payouts, while the tobacco giant retained its position as a key shareholder.
1 month ago
Reform UK proposes £30 credit for taxpayers held on HMRC phone lines
Reform UK says it would compensate taxpayers with a £30 credit if they are kept waiting for more than 30 minutes to spea...
Navy sailor’s father detained by ICE amid legal status dispute, then later released
A U.S. Navy sailor serving on the aircraft carrier USS Abraham Lincoln says he learns his father was detained by federal...
Jenrick announces £30 compensation for business owners facing HMRC phone delays
Business owners would receive £30 if they experience delays when contacting HMRC by phone, according to Reform UK Treasu...