Mumbai, May 28 -- While the buyers and sellers remain unnamed, media reports suggest that British American Tobacco (BAT) likely offloaded a 2.6% stake in the company worth around Rs 15,000 crore.

British American Tobacco (BAT) on Tuesday, 27 May 2025, announced its plans to sell around 2.3% of its stake in ITC via a block deal to institutional investors. The move aims to boost BAT's financial flexibility, helping it reduce debt and expand its share buyback program to £1.1 billion in 2025. Despite the sale, BAT will retain a significant 23.1% stake in ITC, maintaining a long-standing partnership that dates back over a century.

Trading volumes surged with BSE seeing 1.75 crore shares change hands, compared to the 3-month average of j...