ITC tumbles 4% on BAT’s likely 2.6% stake sale worth Rs 15,000 crore

ITC shares: ITC shares experienced a 4.3% dip following British American Tobacco's likely offloading of a 2.6% stake, valued at approximately ₹15,000 crore. Despite the sale, BAT remains ITC's largest shareholder with a 23.1% holding. The tobacco giant will also increase its share buyback program, clarifying that the transaction won't impact its financial outlook.