ITC shares down 4% today: 3 key things to know about BAT’s Rs 11,600 Cr stake sale in ITC

British American Tobacco (BAT) plans to sell a 2.3% stake in ITC, one of India’s top FMCG and cigarette companies, through a Rs 11,600 crore mega block deal managed by Citi and Goldman Sachs. This will decrease BAT’s ownership in ITC to 23.1%, but the company remains optimistic about ITC’s future and intends to enhance […]