BAT Sells ₹12,100 Crore Stake in ITC via Block Deal, Retains Majority Holding
British American Tobacco Offloads ₹12,926.90 Cr Worth ITC Shares in Block Trade
In A Major Stock Market Move, British American Tobacco (BAT), Through Its Indian Subsidiary Tobacco Manufacturers (India), Has Sold A 2.5% Stake In ITC Limited Through A block Deal Valued At ₹12,926.90 Crore. The Transaction Saw The Offloading Of 31.3 Crore Shares At ₹413 Per Share, Which Was Approximately 4.8% Below ITC’s Previous Close Of ₹433.90 On The BSE.
Despite The Sale, BAT Continues To Remain ITC’s Largest Shareholder, Holding A Significant 23.1% Stake In The FMCG And Tobacco Major. The Company Also Announced That It Plans To enhance Its Share Buyback Program, Indicating Long-term Interest And Confidence In ITC’s Growth.
This Move Comes Amid Rising Market Activity And Increasing Interest In India’s Large-cap Stocks. The Deal Reflects Strategic Capital Restructuring And Liquidity Positioning By BAT, While Still Retaining Control And Board Presence.
For Investors And Analysts, The Discount In The Deal Price May Temporarily Influence Short-term Market Sentiment, But The Retention Of Majority Stake And Mention Of Buyback Hints At Long-term Positioning.
📌 Stay Tuned To The Janta Voice – Business For Real-time Market Updates, Corporate Deals, And In-depth Coverage Of Stock Moves.
#ITC #BAT #StockMarketIndia #BlockDeal #Shareholding #BATITCDeal #FMCGStocks #BusinessNewsIndia #TheJantaVoice #IndianEconomy #BuybackProgram
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