Wells Fargo sells ITC’s shares for Rs 106 crore
In line with the block deal knowledge on the Nationwide Inventory Change (NSE), Wells Fargo via 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 median value 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 via 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 internet 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 internet revenue of Rs 5,406.52 crore within the year-ago interval, the corporate stated.
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.
