GQG Partners, which made headlines by investing in Adani Group companies at the height of the first Hindenburg saga back in 2023, has been a net seller of Indian equities over the last one year. Based on data available, the amount of equity offloaded by GQG in the last 12 months is worth nearly ₹28,000 crore.
Another ₹10,000 crore could be added to that tally today, as sources tell CNBC-TV18 that GQG Partners is the likely seller in the block deal which took place in ITC earlier in the day. The block deal was valued at nearly ₹9,500 crore.
GQG Partners held close to 3% stake in ITC at the end of the June quarter as per the company’s shareholding pattern. The number of shares that changed hands in the ITC block amount to 2.93% of the company’s outstanding equity.
GQG’s Selling In Adani Group Stocks
GQG has been a seller in Adani Group stocks, where it first made an investment back in 2023. During the June quarter this year, the fund house has sold shares worth over ₹12,000 crore across group companies.
The fund sold around 1.59% stake in Adani Enterprises worth ₹6,200 crore. As per the shareholding pattern of the company, dated July 7 this year, GQG still had a 1.98% stake in the Adani Group flagship company.
Adani Green Energy is another stock where GQG managed to sell 0.5% stake worth ₹960 crore. For the quarter that ended on September 30, GQG still held a 3.2% stake in the company, according to the BSE shareholding pattern.
GQG was also a seller in shares of Adani Power, where it sold stake worth ₹2,100 crore. The fund still has over 4% stake in the company as per the June shareholding.
GQG’s Selling Beyond Adani Group
Over the last 12 months, GQG has also sold stake in other companies beyond the Adani Group. It sold around 1.85% stake in GMR Airports for around ₹3,500 crore. The fund still holds around 3.7% stake in the company.
Excluding the block that took place today, GQG had earlier sold 3.97 crore shares of ITC worth ₹1,800 crore as well.
Patanjali Foods and JSW Energy are other names where GQG sold shares. It sold 8.8 lakh shares of Patanjali from February to August of 2026, while for JSW Energy, it sold 1.52 crore shares worth ₹675 crore.