The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GQG Partners LLC & Others
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GQG Partners LLC, along with its Persons Acting in Concert (PACs), acquired 6.33 crore (63,356,095) equity shares of ITC Ltd on May 28, 2025, through a bulk deal on the stock exchanges. With this purchase, GQG's aggregate holding in ITC rose from 4.96% (62.10 crore shares) to 5.47% (68.44 crore shares), crossing the 5% disclosure threshold under SEBI's Takeover Code. The acquisition was a 0.51% incremental purchase, and GQG has filed the mandatory Regulation 29(1) disclosure on May 30, 2025. GQG Partners LLC acts as the investment manager for the acquirer and all PACs, which include various GQG-managed global equity funds and institutional clients.
This is a significant FII accumulation in ITC, a large-cap FMCG stock. The crossing of the 5% threshold by a high-profile foreign investor signals continued institutional confidence in ITC. Further buying by GQG could trigger additional disclosures as they approach the 10% mark, which may add to positive sentiment around the stock.