{"id":297480,"date":"2026-10-09T10:59:57","date_gmt":"2026-10-09T05:29:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=297480"},"modified":"2026-10-09T10:59:57","modified_gmt":"2026-10-09T05:29:57","slug":"itc-block-deal-09102026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/itc-block-deal-09102026\/","title":{"rendered":"ITC Block Deal: GQG Sells 2.9% for Rs 9,395 Crore as Mutual Funds Absorb the Stake at Rs 257.35 a Share"},"content":{"rendered":"

ITC block deal: GQG sold 36.5 crore shares (2.9%) for Rs 9,395.44 crore at Rs 257.35. ITC CMP Rs 259.95 (+1.94%). Market cap Rs 3,18,338 crore. Data 10:23 am IST, 9 Oct 2026.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

The ITC block deal on 8 October saw GQG sell 36.5 crore shares, or 2.9% of the company, for Rs 9,395.44 crore at an average price of Rs 257.35. Fidelity, ICICI Prudential Mutual Fund, SBI Mutual Fund and Nippon India Mutual Fund were among the buyers, together taking about 80% of the shares sold. ITC shares were up 1.94% at Rs 259.95 on Friday morning, so the market absorbed the supply without a visible discount. The stock is still about 39% below its 52-week high of Rs 426.40, and the reason for the sale was not stated in the exchange data.<\/p>\n<\/p><\/div>\n

The ITC block deal on Thursday was one of the largest single-stock transactions of the week. GQG sold 36.5 crore shares, equal to 2.9% of ITC’s equity, for Rs 9,395.44 crore, and a group of fund houses bought the stake.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

A transaction of this size raises three questions: who bought, at what price, and what it means for the share price. This guide answers each using the deal data, and adds valuation, chart levels and risks for ITC shares after the ITC block deal.<\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n