Based on the block deal information on the Nationwide Inventory Alternate (NSE), Wells Fargo by way of its affiliate Wells Fargo Rising Markets Fairness CIT offloaded 26.55 lakh shares of Kolkata-based ITC.
On Friday, the shares have been disposed of at a mean worth of Rs 401.60 apiece, taking the transaction worth to Rs 106.62 crore.
In the meantime, these shares have been purchased by SEI Belief Firm by way of its arm.
Shares of ITC on Monday rose 0.51 per cent to shut at Rs 397 apiece on the NSE.
Final month, diversified entity ITC Ltd reported a 7.27 per cent decline in consolidated web revenue to Rs 5,013.16 crore for the December quarter on account of subdued demand and sharp escalation in enter prices. The corporate had posted a consolidated web revenue of Rs 5,406.52 crore within the year-ago interval, the corporate mentioned.
ITC’s income from operations was up 9.05 per cent to Rs 20,349.96 crore within the December quarter. It was Rs 18,660.37 crore within the corresponding quarter of the earlier fiscal 12 months, it added.
