BAT executed a block deal on March 13 to sell Rs 16,775 crore in the company or equivalent to $2 billion. BAT plans to use the proceeds from the stake sale to buy back its own shares over a period ending in December 2025.
Sharekhan is bullish on APL Apollo Tubes has recommended buy rating on the stock with a target price of Rs 2000 in its research report dated January 29, 2024.
