GQG entities sell 2.91% ITC stake in ₹9,395 cr block deal
In short
GQG Partners entities sold 36.5 crore ITC shares, equal to 2.91%, in a block deal worth ₹9,395.4 crore on the BSE. Mutual funds were among the buyers, and ITC stock fell 4.03% on Thursday.
This matters because a large block sale can move the share price and change who owns the stock. The reporting does not say who else bought the shares or how much GQG still owns.
What the reporting says
GQG Partners entities sold 36.5 crore ITC shares, or 2.91%, for ₹9,395.4 crore in a block deal on the BSE, with mutual funds among the buyers. Business Standard said ITC shares fell 4.03% on Thursday after the deal. The reporting does not identify all buyers or whether the sale changes GQG’s remaining holding.
Why it matters
GQG Partners entities sold 36.5 crore ITC shares, a 2.91% stake, in a ₹9,395.4 crore block deal on the BSE, with mutual funds among the buyers. ITC’s stock fell 4.03% on Thursday, according to the supplied summary. The trade is relevant to ITC shareholders and market participants, but the reporting does not identify all buyers or the seller’s remaining stake.