GQG Partners Sells 2.91% Stake in ITC in Rs 9,395 Crore Block Deal
GQG Partners sold a 2.91% stake in ITC, offloading 36.5 crore shares worth approximately Rs 9,395 crore in a block deal at Rs 257.35 per share on October 8, 2026. The sale involved multiple tranches and included shares from Alliance Witan Plc. Major buyers included Fidelity Advisor Overseas Fund, ICICI Prudential Mutual Fund, and SBI Mutual Fund. ITC shares fell over 4% following the transaction amid broader market pressures and concerns over cigarette taxation and inflation. The stock has declined nearly 30% in 2026 but saw a 5% intraday rally shortly after.
First-hand measurement across 13 sources
We measured how 13 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (51/100). Lens Score 41/100.
Outlets measured: businessstandard, economictimes, economictimes, news18, businessstandard, economictimes, moneycontrol, moneycontrol, and 5 more. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (45–70/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
economictimes broke this story on 8 Oct, 04:14 am. Other outlets followed.