GQG Partners sells Rs 24,400 cr worth of Indian stocks in 2026; ITC, Adani shares among key exits
GQG Partners has recently executed a block deal, offloading ITC shares worth approximately ₹9,395 crore. The firm has also downplayed its presence in several Adani Group enterprises this year, while simultaneously ramping up investments in JSW Energy and JSW Steel during the June quarter. In total, GQG has scaled back investments worth around ₹24,400 crore across various Indian firms since early…
Mumbai: In 2026, private equity firm GQG Partners has divested approximately Rs 24,400 crore worth of Indian stocks, with major sales including a block deal of ITC shares. The investment firm, managed by Rajiv Jain, has been reducing its stakes in Indian companies throughout the year, with notable exits from ITC, Adani Group entities, and others.
GQG's portfolio now includes JSW Energy and JSW Steel, adding to its diverse holdings. The firm, which oversees assets exceeding $156 billion, has been active in the Indian market since 2023, particularly after acquiring stakes in Adani Group amid controversy. As of June 2026, GQG still holds a 3.12% stake in ITC, although the firm's presence in several companies has diminished significantly.
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