📊 Major Block Deal Alert – May 28, 2025

British American Tobacco (BAT) executed a major block deal today, selling a 2.5% stake in ITC Ltd. 💼 🔹 Deal Snapshot: 🔻 Stake Sold: 2.5% 💰 Deal Value: ₹12,900 crore 💸 Price per Share: ₹413 📉 Discount: 4.8% below previous close Following the transaction, ITC shares slipped 4.3%, closing at ₹421.70. Despite this sale, BAT still holds a 23.1% stake, remaining the largest shareholder in ITC. 📌 Why It Matters: Such large transactions can create short-term pressure on the stock, but often reflect strategic moves — in this case, BAT is expected to use the proceeds for its share buyback program.