A block deal was executed in ITC Hotels during today’s trading session, with GQG Partners Equity Fund reducing its stake in the company.

As per exchange data, GQG Partners sold around 1.3 crore shares, representing approximately 0.62% equity in ITC Hotels, in a transaction valued at nearly ₹197 crore. The shares were sold at an average price of ₹152.67 per share. The buyers in the transaction were not immediately known.

GQG Partners held close to a 2% stake in the company as of December 2025, and this transaction marks a partial stake reduction by the global investment firm.

Despite the stake sale, shares of ITC Hotels ended higher in today’s session, closing at ₹151.94, up ₹5.16 or 3.52% on the NSE. The stock touched an intraday high of ₹154.79 and a low of ₹150.30, with an average traded price of ₹152.66. Total traded volume stood at 3,56,31,216 shares.

Block deals typically lead to increased market activity and can result in short-term supply overhang, although the stock’s upward move indicates resilient demand during the session.