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<h1>Stake divestment by a major shareholder via block trade and open-market sale, with proceeds earmarked for deleveraging and buybacks.</h1> BAT divested a 2.5% stake in ITC via open market trades and an accelerated book build block trade, reducing consolidated shareholding and reporting the sale in exchange bulk-deal data and a regulatory filing; net proceeds are to support deleveraging and an extension of BAT's share buyback programme.