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("BAT" or the "Group") announces that its wholly-owned subsidiary Tobacco Manufacturers (India) Limited ("TMI") intends to sell c.2.3 per cent of the issued ordinary share capital in ITC Limited ("ITC") (the "Block Trade Shares") to institutional investors by way of an accelerated bookbuild process (the "Block Trade"), subject to customary closing conditions
Key quality factors in tobacco alternatives Beyond branding or packaging, several technical criteria truly make the difference: Cut and texture : a medium cut promotes consistent burningno excessive dust or thick stems Moisture level : too dry can feel harsh
These more than offset: - New Categories revenue growth, up 17.8% (at constant rates of exchange), up 21.0% organically, with volume growth in all three categories
Glantz, S
Proctor RN
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