Tobacco Manufacturers India, a British American Tobacco (BAT) subsidiary, sold 43.68 crore shares at Rs 400.25 each, or 3.50 percent of the company’s ownership. Tobacco Manufacturers, which owned 23.87 percent of ITC till December 2023, sold equity valued at Rs 8,742.48 crore.
On March 13, BAT completed a block agreement to sell $2 billion, or Rs 16,775 crore, in the company. By the end of December 2025, BAT intends to repurchase its own shares with the money raised from the stake sale.
At an average price of Rs 400.25, the Singaporean government purchased 9.15 crore shares, or 0.73 percent of the total.
On March 13, ITC’s shares on the BSE soared 4.49 percent to Rs 422.40.
Quantum Growth Partners LLP purchased 1.06 lakh shares, or 0.55 percent of Markolines Pavement Technologies, at an average price of Rs 139.79.
At Rs 140 per share, investor Prakash Pai Peraje sold 96,000 shares, representing 0.50 percent of the total.
On the BSE, Markolines Pavement Technologies’ shares dropped 6.5% to Rs 131.
At an average price of Rs 1601.1, New World Fund Inc. purchased 27.89 lakh shares, representing one percent of APL Apollo Tubes. Principal Global Investors Collective Investment Trust, a foreign portfolio investor, sold 15.31 lakh shares, or 0.55 percent of the company, at an average price of Rs 1,600.16.
Polaris Banyan Holding purchased an additional 2.96 lakh shares, or 0.66 percent of Indian Terrain Fashions, at an average price of Rs 78.94. On March 12, Polaris purchased 3.05 lakh shares of the business.
Shantiram Kutumbkam Food Services purchased 15.52 lakh shares, or 0.70 percent of Ruchi Infrastructure, at an average price of Rs 10.5. At Rs 10.5 per share, promoter Patanjali Foods sold 15 lakh shares, or 0.68 percent of the total.
At a price of Rs 2.9 per share, Goldman Sachs (Singapore) PTE purchased 55 lakh shares of South Indian Bank RE.
