ITC shares surge 9%

New Delhi: Shares of ITC were in the limelight on Wednesday, climbing nearly 9 per cent and adding Rs32,127.11 crore to its market valuation, amid stake sale news. The stock zoomed 8.59 per cent to Rs439 on the BSE. Shares of the company jumped 8.29 per cent to Rs438 on the NSE. The company’s market capitalisation (mcap) soared by Rs32,127.11 crore to Rs5,36,453.59 in the morning trade. It was the biggest gainer among the BSE Sensex and NSE Nifty firms. British multinational BAT PLC on Tuesday said it plans to sell up to 3.5 per cent stake in India’s ITC Ltd to institutional investors through a block trade.