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ITC falls 2% as 36 crore shares change hands in Rs 9,437 crore block deal; cigarette prices raised up to 12.66%

ITC raised the Classic Connect 20-cigarette pack to Rs 428 from Rs 390, a 9.74% increase, and Gold Flake Super Star 10-pack to Rs 89 from Rs 79. Separately, 36 crore ITC shares worth Rs 9,437 crore changed hands in a block deal.

ITC raised cigarette pack prices by 9.74% and 12.66%
  • Gold Flake Super Star 10-pack price increase12.66%
  • Classic Connect 20-pack price increase9.74%

Reported figures

From the report. Source details below

GST rate on cigarettes from 1 February: 40%
Block deal price per share: Rs 257.35

The source

Source Read the source at NDTV Profit

Published

Also reported by The Hindu BusinessLine

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Note Information, not investment advice. RetailIntel is not registered with SEBI.