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At 10:06 am, ITC shares were up by Rs 2, or 0.5 per cent, at Rs 424.4 apiece on BSE.

ITC block deal update: ICICI Prudential MF, BofA Securities Europe among 60 buyers as BAT trims stake; cigarette stock rises

ITC BAT stake sale news:&nbsp;The price band for the deal was expected to be Rs 384–400.25 per share. ITC is expected to garner nearly Rs 16,775 crore through the said block deal.&nbsp;After the stake sale, BAT would still be holding 25.5 per cent of ITC.

BLOCK DEAL: BAT sells 3.5% stake in ITC, shares jump as much as 9%; should you buy the stock?

In a statement, British American Tobacco PLC (BAT), the single largest shareholder in ITC Ltd (ITC), said its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd (TMI) intends to sell up to 43,68,51,457 ordinary shares in the Indian diversified entity to institutional investors by way of an accelerated bookbuild process (block trade), subject to customary closing conditions.

BAT to sell up to 3.5% stake in ITC via block trade 

BAT has tapped Wall Street banks like Bank of America and Citi to help it trim its shareholding in the hotels-to-cigarette conglomerate, according to reports.

ITC dips below Rs 400 for first time in 10 months; what’s keeping analysts ‘positively cautious’?

A team led by researchers at Washington State University (WSU), US, found spike proteins from the bat virus, named Khosta-2, can infect human cells and is resistant to both the antibody therapies and blood serum from people vaccinated forS-CoV-2.

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At 10:06 am, ITC shares were up by Rs 2, or 0.5 per cent, at Rs 424.4 apiece on BSE.

ITC BAT stake sale news: The price band for the deal was expected to be Rs 384–400.25 per share. ITC is expected to garner nearly Rs 16,775 crore through the said block deal. After the stake sale, BAT would still be holding 25.5 per cent of ITC.

In a statement, British American Tobacco PLC (BAT), the single largest shareholder in ITC Ltd (ITC), said its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd (TMI) intends to sell up to 43,68,51,457 ordinary shares in the Indian diversified entity to institutional investors by way of an accelerated bookbuild process (block trade), subject to customary closing conditions.

BAT has tapped Wall Street banks like Bank of America and Citi to help it trim its shareholding in the hotels-to-cigarette conglomerate, according to reports.

A team led by researchers at Washington State University (WSU), US, found spike proteins from the bat virus, named Khosta-2, can infect human cells and is resistant to both the antibody therapies and blood serum from people vaccinated forS-CoV-2.

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BAT

ITC block deal update: ICICI Prudential MF, BofA Securities Europe among 60 buyers as BAT trims stake; cigarette stock rises

BLOCK DEAL: BAT sells 3.5% stake in ITC, shares jump as much as 9%; should you buy the stock?

BAT to sell up to 3.5% stake in ITC via block trade

ITC dips below Rs 400 for first time in 10 months; what’s keeping analysts ‘positively cautious’?

New COVID-like virus found in bats, could infect humans, resist vaccines: Study

British American Tobacco agrees terms to buy Reynolds for $49.4 billion

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