📰 ET Markets 🔴 BEARISH 🕒 08 Oct 2026, 08:07 PM IST

Rs 9,395 crore block deal! GQG exits ITC shares after a sharp 30% crash this year

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Rs 9,395 crore block deal! GQG exits ITC shares after a sharp 30% crash this year

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Market & Financial Impact: ITC witnessed a nearly Rs 9,437 crore block deal as a GQG-linked fund sold 36.51 crore shares, while Fidelity and major Indian mutual funds bought stakes. The transaction comes as ITC shares remain under pressure from taxation concerns and weak volume recovery.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Rs 9,395 crore block deal! GQG exits ITC shares after a sharp 30% crash this year

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