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 ...

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 ...

While the buyers and sellers remain unnamed, media reports suggest that British American Tobacco (BAT) likely offloaded a 2.6% stake in the company worth around Rs 15,000 crore.

Shares of ITC Ltd fell 5 per cent in Wednesday's trade, with its turnover touching Rs 16,200 crore within first 30 minutes into trading after multiple block deals on the counter. BAT via its arm ...

Cigarette-to-FMCG conglomerate ITC Ltd's shares sank over three percent in early trade on Wednesday, May 28 following a block deal, with British American Tobacco Plc (BAT) likely trimming its ...

British American Tobacco is the largest shareholder of ITC Ltd., with a 25.4 per cent stake. In March last year, BAT sold a 3.5 per cent stake through block trades to institutional investors.

This marks BAT’s second major stake reduction in ITC within 18 months. The company previously sold a 3.5 per cent stake for ₹16,700 crore in one of India’s largest block deals. Following ...

ITC shares recovered some of the lost ground in Wednesday's trade after the Rs 12,927-crore worth block sale by British American Tobacco (BAT) earlier in the day. The stock, which fell 5 per cent ...

British American Tobacco (BAT) announced on Tuesday its intention to sell approximately 2.3% of its stake in Indian consumer goods giant ITC through a block trade. Despite the planned sale ...

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 ...