BAT’s Stake Sale in ITC to Trigger $50 Million Inflows as Sensex Adjustment Comes into Effect: Nuvama

BAT’s Stake Sale in ITC to Trigger $50 Million Inflows as Sensex Adjustment Comes into Effect: Nuvama

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.

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