ITC500875Fast moving consumer
GQG sold ITC shares on Thursday; settlement outflow of funds could occur on Tuesday due to a US holiday delaying spot-plus-two settlement
Heard on business television between 12:19:14 - 12:22:14 IST.
- GQG's sale of ITC shares took place on Thursday.
- Settlement typically occurs on spot plus two days, which would normally mean funds move out on Monday.
- However, due to a US holiday for settlement of accounts, the outflow is expected to be delayed to the next day.
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Source: Live TV News Channel · 12 Oct 2026
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