ITC Reduces VST Holdings

Source from:  Tobacco Reporter 12/06/2011

ITC has reduced its holding in British American Tobacco-controlled cigarette manufacturer, VST Industries, to just over one per cent, according to an Hindu Business Line story relayed by the TMA. ITC has been reducing its holding in VST since March 31 last year when it held a 10.2 per cent stake. Russell Credit, an investment arm of ITC, continues to hold a 3.89 per cent stake in VST. Enditem