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.
ITC distributed a substantial Rs 3,896-crore dividend to its BAT-linked shareholders. Despite these entities reducing their stake in ITC, the dividend payout proceeded. Consequently, the dividend income for BAT-linked entities saw a year-on-year decline due to their diminished…
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