<ul><li>British American Tobacco (BAT) plans to sell a 2.3% stake in ITC through block deals at an offer price of Rs 400 per share.</li><li>The stake sale is valued at Rs 11,600 crore and represents an 8% discount to the current market price.</li><li>If the deal goes through, BAT's holding in ITC could reduce to 18% from the current 20.31% as of March 31, 2025.</li><li>In the last quarter, ITC reported a marginal growth in net profit and revenue, with shares closing lower on Tuesday at Rs 434.7 apiece on the NSE.</li></ul>

ITC Block Deal: BAT To Sell Rs 11,600-Crore Stake, Say Sources

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