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GQG Partners in focus amid large ITC block trade
Original: gqg partners
GQG Partners, the Florida-based investment firm known for taking large stakes in Indian companies, is drawing attention in India. The interest comes as ITC saw 2.9% of its equity change hands in a single large trade, with the stock slumping 3% following the deal, according to Business Standard.
Why now: Large block deals involving major Indian stocks and big foreign investors typically spark speculation about who is buying and selling.
Evidence
- ITC sees 2.9% of equity change hands in single large trade; stock slumps 3% · Business Standard
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