GQG Fund Sells Rs 9,395 Crore ITC Shares After 30% Drop
ITC saw a block deal worth nearly Rs 9,437 crore as a GQG-linked fund sold 36.51 crore shares. Fidelity and major Indian mutual funds acquired stakes amid ongoing pressure on ITC shares due to taxation concerns and weak volume recovery. The sale follows a sharp 30% decline in ITC's share price this year.
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