GQG Partners Offloads 1.3 Crore ITC Hotels Shares In ₹197 Crore Deal

GQG Partners Equity Fund has diluted its control in ITC Hotels by selling 1.3 crore shares to a block deal worth ₹197 crore.

The shares were sold at an average price of ₹152.67 each, representing about 0.62% of the company’s equity.

As of December 2025, GQG Partners held close to a 2% stake in ITC Hotels. The buyers in the transaction were not disclosed.

ITC Hotels shares closed at ₹151.60 on 8 April, up by ₹4.80, or 3.27%, on the Bombay Stock Exchange (BSE). The stock moved higher despite the block deal, indicating stable investor sentiment.

How Has ITC Hotels Performed Recently?

In its third quarterly report, ITC Hotels has revealed good financial performance. Net profit rose 77% year-on-year to ₹235 crore from ₹133 crore, despite the impact of certain one-off items.

Revenue increased 47% to ₹1,231 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) nearly doubled to ₹467 crore. EBITDA margins also expanded to 38% from 29.2% in the year-ago period.

This growth came despite the impact of one-off items during the quarter. These consisted of a single expenditure of ₹55.42 crore related to new labour codes and a loss of ₹28.58 crore associated with inventory damage from a cyclone in Sri Lanka.

The company pointed out that it is still evaluating the changes in labour codes and will include any additional impact as necessary.

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What Does This Mean For Investors?

To investors, the stake sale is a partial exit of an institutional investor, which does not materially affect the overall ownership. The stock’s positive movement suggests continued confidence in the company’s performance. Investors should track institutional activity and earnings momentum going forward.

Sources:

CNBC TV18

MSN