📰 ET Stocks 🔴 BEARISH 🕒 09 Oct 2026, 05:40 AM IST

GQG Partners trims stake in ITC to Rs 9,395 crore amidst broader market sell-off in 2026

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Core Development: GQG Partners trims stake in ITC to Rs 9,395 crore amidst broader market sell-off in 2026

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Market & Financial Impact: GQG Partners has recently executed a block deal, offloading ITC shares worth approximately ₹9,395 crore. The firm has also downplayed its presence in several Adani Group enterprises this year, while simultaneously ramping up investments in JSW Energy and JSW Steel during the June quarter. In total, GQG has scaled back investments worth around ₹24,400 crore across various Indian firms since early 2026, continuing to oversee assets exceeding $156 billion.

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

Founded by Rajiv Jain, GQG has trimmed stakes worth around ₹24,400 crore in Indian companies so far in 2026.

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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 ↗

GQG Partners trims stake in ITC to Rs 9,395 crore amidst broader market sell-off in 2026

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