<h1>Multinational Tobacco Giant Divests Partial Stake in Indian Conglomerate, Reducing Ownership While Maintaining Strategic Position</h1> A multinational tobacco company sold a 2.5% stake in an Indian conglomerate for approximately Rs 12,927 crore through a block deal. The transaction reduces the company's ownership from 25.44% to less than 23%, while maintaining a significant shareholding. The sale was executed across multiple stock exchanges, with Goldman Sachs and Citigroup as placement agents. The company stated the move provides financial flexibility and supports shareholder commitments.