FPIs led by GQG Partners puff up ITC stock, raise holding in March quarter

Foreign portfolio investors (FPIs) increased their ownership in the company in the last quarter. The cumulative holding of category-I FPIs was 12.87% at the end of March quarter, up from 12.51% a quarter ago.Meanwhile, sequentially, insurance companies’ total holding in the March quarter dropped marginally. Insurance majors, including Life Insurance Corporation of India, cumulatively held 20.40% stake at the end of March quarter, against 20.44% a quarter ago