ITC shares fall nearly 4% after ₹9,437 crore block trade
In short
ITC shares fell almost 4% after ₹9,437 crore worth of stock changed hands in a pre-open block trade. The report says ITC has no promoter and all of its shares are held by public investors.
The stock came under pressure right away. The source does not say who bought or sold the shares.
What the reporting says
ITC shares fell nearly 4% after equity worth ₹9,437 crore changed hands in a pre-open block window, according to the reported market move. CNBC TV18’s summary says ITC has no promoter shareholding and all equity is held by public shareholders. The immediate consequence was pressure on the stock, but the source does not identify the seller or buyer behind the trade.
Why it matters
ITC shares dropped nearly 4% after a ₹9,437 crore pre-open block transaction, and CNBC TV18’s summary says the company has no promoter shareholding. That leaves the trade driven entirely by public shareholders, but the source does not identify the parties involved. The immediate impact is negative for ITC’s share price and short-term sentiment, with the trade size indicating significant market interest.