LSE:BATSTobacco
British American Tobacco (LSE:BATS) Awaits RBI Approval To Divest ITC Hotels Holdings
British American Tobacco (LSE:BATS) is poised at an important financial juncture, awaiting Reserve Bank of India approval to sell its stake in ITC Hotels, a move aimed at financial enhancement. This comes as the broader market, including the S&P 500 and Nasdaq Composite, achieved record highs, reflecting optimism around potential interest rate cuts by the Federal Reserve following consistent inflation data. BAT’s recent share price increase of 42% over the last quarter could be influenced by...