ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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ITC-Sustained by Tobacco

EPW Research Foundation ITC Sustained by Tobacco IMPERIAL TOBACCO COMPANY (ITC) with diversified interests in tobacco and cigarettes, financial services, hotels, paper and paper board, packaging and printing and agri and international business was 100 per cent foreign-owned till until 1954. Over the years this composition changed following a series of public issues coupled with disinvestment of shares by foreigners, Today BAT has a 31.6 per cent stake in ITC, 37 percent is held by the financial institutions with the rest by the public.

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