ITC sinks to 10-month low as market frets over BAT stake sale
Fri, Feb 16, 2024 2:56 PM

ITC sinks to 10-month low as market frets over BAT stake sale

A Flip by Shubhangi Gupta
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ITC shares struggled to stay above the Rs 400 mark as British American Tobacco (BAT) plans to sell a 4 percent stake, putting pressure on the stock in the short term. However, this could create an opportunity for investors due to ITC's strong brand presence and growth in its FMCG business. BAT is facing regulatory hurdles in finding buyers for these shares, limiting their options.

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