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BAT’s stake sale in ITC to trigger $50 million inflows as Sensex adjustment comes into effect: Nuvama
On March 13, the London-based company sold shares at an average selling price of Rs 404.40 per share in block deals to institutional investors. The stake sale was worth about Rs 17,500 crore. BAT, which makes Dunhill and Lucky Strike cigarettes, sold 43.68 crore shares after which its shareholding in ITC fell down to 25.5% from 29%.