ITC's Largest Shareholder British American Tobacco Likely To Sell Stake. Check Details

ITC shares continue to plummet, marking a 2.5% decrease on Tuesday (12th March), thereby extending the downtrend for the second consecutive day. With this latest decline, the stock has now fallen by 20% from its peak of ₹499.7, reached on July 24th of last year. Reports suggest that British American Tobacco (BAT), the largest shareholder of ITC, is considering initiating a share sale possibly as early as this week. Currently holding a 29% stake in ITC. BAT's potential divestment raises questions about the underlying causes of this decline. BTTV's Sakshi Batra explains.