ITC's share price has declined by 20% from its peak following a significant development. British American Tobacco (BAT) launched a block deal in the evening, further affecting the stake sale. This move has led to a notable drop in the company's valuation. The market has reacted strongly to these developments, causing a considerable decrease in ITC's share price. Investors are closely monitoring the situation amidst these significant transactions, which may have implications for the company's future trajectory and investor sentiment.