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ITC Shares Fall Nearly 4 Percent Following Massive Block Deal Worth Rs 9437 Crore
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CNBC TV18•08-10-2026, 11:54
ITC Shares Fall Nearly 4 Percent Following Massive Block Deal Worth Rs 9437 Crore
- •Around 36.66 crore shares of ITC Ltd. changed hands in a pre-open block window, accounting for 2.9% of the company's total outstanding equity.
- •The massive transaction was executed at an average price of ₹257 per share, pushing the total deal value to ₹9,437 crore.
- •The identities of the specific buyers and sellers involved in the block deal have not been officially revealed yet.
- •ITC operates without a promoter, with its entire equity held by public shareholders including mutual funds, LIC, and foreign investors like GQG Partners.
Key Questions Answered
ITC shares fell nearly 4% after 36.66 crore shares, amounting to 2.9% of the company's outstanding equity, changed hands in a pre-open block window worth ₹9,437 crore at an average price of ₹257 per share.
ITC does not have any promoter shareholding, meaning all of its equity is held entirely by public shareholders. Major public stakeholders at the end of the June quarter included mutual funds, the Life Insurance Corporation of India (LIC), SUUTI, and funds managed by GQG Partners.
Following the block deal on Thursday, October 8, shares of ITC traded 3.8% lower at ₹255.6, bringing the stock's total decline to 30% for the year.
