FMCG major ITC’s weight in the S&P BSE Sensex is expected to increase, bringing in estimated inflows of $50 million. This adjustment follows British American Tobacco’s (BAT) 3.5% stake sale in the company. The adjustment is likely to result in ITC’s free float factor being adjusted in the Sensex. Nuvama, a financial analysis firm, has provided estimates for the expected inflow amount. This development highlights ITC’s significance in the market and its impact on the overall Sensex performance.
BAT’s Stake Sale in ITC to Trigger $50 Million Inflows as Sensex Adjustment Comes into Effect: Nuvama
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