Key Points
British multinational BAT Plc on Wednesday sold 3.5 per cent of its stake in ITC Ltd for Rs 17,485 crore through open market transactions..
According to block deal data available with the BSE, British American Tobacco Plc (BAT), through its affiliate Tobacco Manufacturers (India) Ltd, offloaded more than 43.68 crore equity shares of ITC..
The shares were sold at an average selling price of Rs 404.40 per share in block deals to institutional investors...
GIC Singapore bought as many as 9.2 crore shares of ITC, while ICICI Prudential MF acquired another 12.4 crore shares through multiple blocks..
Other fund houses that bought more than one crore shares of ITC included BofA Securities Europe, which acquired 2.04 crore shares, Capital Income Builder (1.76 crore), Citigroup Global Markets Mauritius (1.76 crore), Copthall Mauritius Investment ( 1.36 crore), Ghisallo Master Fund (1.15 crore), Monetary Authority of Singapore (1.20 crore), Morgan Stanley Asia Singapore (1.53 crore) and Societe Generale (1.83 crore shares)...
You might be interested in
BAT launches 3.5% ITC stake sale via block trade, to hold 25.5% stake after deal: Report
12, Mar, 24BAT is offering 436.9 million shares at Rs 384 to Rs 400.25 each, as per a total deal size of Rs 16,775 crore.