Foreign portfolio investor GQG Partners made headlines in March when it bought shares worth Rs 1,544.6 crore in Adani Ports and SEZ, Adani Green Energy, Adani Transmission and Adani Enterprises in a block deal, increasing its stake in ITC to 1.44%, the shareholding pattern is shown for the quarter that ended March 31, 2023 (Q4FY23). GQG Partners held a 1.29% stake in the fourth quarter of last year, according to BSE data.

FPI has been steadily increasing its stake in ITC over the past few quarters, from 1.10% in the first quarter (June quarter) to 1.15% in the September quarter (Q2).

The data shows that as of March 31, 2023, the overall shareholding ratio of Type I FPIs increased from 12.51% in December 2022 to 12.86%.

As of March 31, 2023, mutual funds own 9.47% of the shares, while insurance companies own 20.39% of ITC.

The index heavyweight has been one of the best performers on the street, up nearly 19.81% year-to-date. Shares are up almost 50% over the past year.