ITC Limited
GQG Partners reduced its stake in ITC Limited from 1.22% to 1.06%, selling 20,927,453 shares. The transaction value is approximately ₹564.44 crore based on ITC's share price of ₹269.70.
India's largest cigarette manufacturer, ITC operates across four major business segments including FMCG cigarettes, other consumer goods, paperboards and packaging, and agribusiness. Established in 1910, the company has built a diversified portfolio spanning tobacco products, food and personal care items, paper manufacturing, and agricultural inputs. Its vertically integrated approach across consumer, industrial, and agricultural sectors distinguishes it within India's business landscape.
Florida-based global active manager founded in 2016 by Rajiv Jain (ex-Vontobel) and Tim Carver. Manages USD 150 bn+, with the EM Equity fund alone at USD 23 bn (Sep 2024). India is the top country weight in GQG's EM strategy with nearly USD 10 bn deployed in Indian equities including big names in financials, energy and infrastructure. Jain's quality-growth playbook has made GQG one of the most-watched buyers on the street.