British American Tobacco (BAT) has trimmed its stake in ITC by 2.3 percent through a block deal worth Rs 11,613 crore ($1.36 billion). As per the block deal, up to 29 crore equity shares of ITC were sold at a floor price of Rs 400 per share, representing a discount of around 7.8% to scrip’s closing price of Rs 433.90 on the National Stock Exchange (NSE) on May 27, 2025. The shares sale executed through multiple tranches on the BSE and NSE under the bulk sale route. BAT through its wholly-owned subsidiary -- Tobacco Manufacturers (India) has sold the stake in ITC.
Subsequent to the transaction, BAT will hold 23.1 percent stake in ITC.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
