Asia's No.2 Cigarette Maker Drops After Closing India Plants

  • Shares of ITC, Godfrey Phillips, VST Industries decline
  • Rule requiring 85% pictorial warning on packs roiling industry

ITC Ltd., Asia’s second-largest cigarette maker by market value, declined from a four-month high after shutting Indian factories in protest against a new government rule mandating bigger health warnings on its packs.

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