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

What happened: GQG exited ITC shares in a block deal, with Alliance Witan Plc also selling 16.11 lakh shares. Fidelity Advisor Overseas Fund was the largest buyer. Key numbers: Total block deal value nearly Rs 9,437 crore. GQG's deal Rs 9,395 crore. Alliance Witan Rs 41 crore. Fidelity bought 13.4 crore shares worth about Rs 3,448 crore. ICICI Prudential MF bought 9.4 crore shares worth around Rs 2,419 crore. Why it matters: The trade comes as ITC shares weakened on cigarette taxation concerns, sluggish volume recovery and muted investor appetite for some defensive consumer names.

GQG exits Rs 9,395 crore ITC block deal after 30% crash.

GQG exits Rs 9,395 crore ITC block deal after 30% crash. — impact context not separately stored; see What changed.