ITC shares drop over 2% amidst reports of BAT trimming stake this week

ITC shares faced another setback on Tuesday, extending losses for the second consecutive day with a decline of 2.5% trading at day lows of Rs 399.35 . Today’s drop further compounds the situation, as the stock has now receded by 20% from its peak of Rs 499.7, reached on July 24 last year.

Media reports suggest that British American Tobacco (BAT), ITC’s largest shareholde…

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