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London selling sparks Rs 43,000-crore rally: What BAT stake sale means for ITC shareholders

The stake sale in ITC is good news also because BAT is now unlikely to sell more shares in near future for it doesn t want its shareholding in ITC to fall below 25%. BAT s ownership in ITC has now fallen to 25.5% from 29% earlier. ....

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ITC shares jump nearly 9%, mcap soars by Rs 32,127 crore

The stock zoomed 8.59 per cent to Rs 439 on the BSE. Shares of the company jumped 8.29 per cent to Rs 438 on the NSE. ....

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itc block deal: BAT sells ITC stake for Rs 17,400 crore; over 30 institutional investors pick up shares

The big sale by BAT turned out to be a blessing in disguise rather than a nightmare for shareholders of ITC, as the stock shot up nearly 9% intraday. The stock ended 4.5% higher on the BSE at Rs 422.40. This indicates the strong institutional interest in the stock given the upbeat growth outlook. ....

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