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British American Tobacco Offers to Buy Remaining Reynolds Stake for $47 Billion WSJ Despite heavy regulations and changing consumer habits worldwide, the "Big Tobacco" ecosystem commands some of the most resilient profit margins in business history. , From the dominance of PMI and British American Tobacco is ITC's largest shareholder with a 22.9% stake, followed by LIC at 15.9%, while the Government of India holds 7.8% via SUUTI. Newer Nicotine and Tobacco Products: British American Tobacco Tobacco Tactics
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