The British multinational bat PLC dropped the ITC shares over 3% after reducing its ownership by dividing the 2.5% stake for ₹ 12,927 crore ($ 1.51 billion) through the block deal.
The stock fell by 3.18% to settle at ₹ 420.10 on BSE. During the day, it lost 4.33% to ₹ 415.10.
In NSE, it fell 2.97% to ₹ 421.
The company’s market evaluation fell by ₹ 17,269.48 crore. 5,25,718.17 crore.
Stock emerged as the largest lagard among the BSE sense firms.
The BSE Barometer declined by 239.31 points or 0.29%, settling at 81,312.32. The NSE Nifty fell 73.75 points or 0.30% to 24,752.45.
According to a revised term sheet accessed by PTI, the British American Tobacco (BAT), through its hand tobacco manufacturers (India) Limited, sold a stake in ITC in Kolkata.
Prior to the latest transactions, bat through your colleagues- Rothaan International Enterprises, Melleton Investment Company and Tobacco Manufacturers (India) Limited-ITC Limited are the owners of a 25.44% stake in ITC Limited.
After the completion of the block trade, with less than 23% stake in BAT ITC, ITC will remain an important shareholder.
According to the latest block deal, 31.3 crore equity shares of ITC were sold at a final price of ₹ 413 per share.
Published – May 28, 2025 10:02 pm IST
