Shares of ITC Limited declined 4% in early trade on Wednesday, May 28, following multiple block deals in the counter, wherein British American Tobacco (BAR) likely offloaded a 2.3% stake in the ...

Following the development, the ITC stock fell 4.82 per cent to hit a low of Rs 413 on BSE. With this, ITC shares are down 13 per cent year-to-date and 1.79 per cent for the one-year period.

Following the block deal, ITC shares traded 1.26% lower at ₹419.75 on the NSE. The stock has declined by about 10.3% since the beginning of the year.. (File Photo: Bloomberg) Mumbai: British ...

(LinkedIn) British American Tobacco, the largest shareholder in ITC, has pared its 25.4% stake in the Indian cigarette-to-food conglomerate through block deals on Wednesday, relinquishing its veto ...

The London-listed cigarette maker had last year sold 436.9 million shares, or roughly 3.5% of ITC's outstanding shares, for about $2 billion in what was India's third-largest block deal ever.

As per data compiled from BSE, ICICI Prudential bought Rs 4,963.10 crore worth ITC shares in 16 block deals. It was followed by the Government of Singapore purchased shares worth Rs 3,664.11 crore ...

On March 13, a significant block deal took place involving around 43.7 Crore shares of ITC, constituting a 3.5% stake in the diversified conglomerate. The transaction amounted to ₹17,491 Crore ...

British American Tobacco has launched a block deal to sell 3.5 percent equity stake in India's ITC Ltd to institutional investors for as much as Rs 16,775 crore or close to $2 billion.

EditorsTake: ₹16775 Cr block deal possible in ITC today BAT will sell 3.5% stake @ ₹384-400.25 How will the block deal affect ITC shares? What to do in ITC after block deal? Know @AnilSinghvi_'s ...

This block deal size was higher than the 2.3% stake BAT said it intended to sell. Despite the stake sale, BAT will remain ITC's largest investor post-disposal, with a 23.1% stake. A Reuters report ...

BAT will remain ITC's largest shareholder after the deal, according to LSEG data. Goldman Sachs and Citigroup led the deal, the term sheet showed. The deal is the second major block trade in India ...