GQG Partners Reduces Stake in ITC Ltd; Goldman Sachs Maintains Holding
1 report, 1 independent
Updated 00:00
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What happened
On October 8, 2026, GQG Partners pared its equity stake in ITC Ltd by 2.91 percent through open market transactions, totaling nearly Rs 9,400 crore. GQG Partners Emerging Markets Equity Fund A Series of GQG Partners Series LLC sold 36.5 crore equity shares. Following the transaction, ITC Ltd fell 4.03 percent in the Nifty 50.
From moneycontrol.com
Why it matters
The sale by GQG Partners, which held a 1.06 percent stake as of June 2026, contributed to downward pressure on ITC Ltd stock. Goldman Sachs Trust II via Goldman Sachs GQG Partners International Opportunities Fund held a 2.06 percent stake in the company.
From moneycontrol.com
Who's involved
- GQG PartnersInvestment management company that pared its equity holding in ITC Ltd.
- Goldman SachsAmerican investment bank that holds a stake in ITC Ltd via its international opportunities fund.
- Rajiv JainInvestment chief for GQG Partners.
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The entities involved
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Goldman Sachs
American investment bank
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GQG Partners
Investment management company
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