India, March 13 -- The company's biggest shareholder British American Tobacco initiated a block deal to offload a 3.5 per cent equity stake to institutional investors which could raise as much as Rs16,775 crore. Through this, the British cigarette manufacturer will dispose up to 43.69 crore ITC shares through book building at a price range of Rs.384-400.25 per share, it was reported. Following the block deal, British American Tobacco's stake will reduce to almost 29% from 25.5%.

State Bank of India: SBI complied with the Supreme Court's electoral bonds and submitted data to the Election Commission of India (ECI). The apex court has instructed the election body to make all the data publicly available on its website by March 15.

Reliance ...