ITC has nearly 36 lakh retail shareholders — Here are some others with a significant stake in it
Published on 02/01/2026 10:34 AM
ITC has nearly 36 lakh retail shareholders — Here are some others with a significant stake in itOver the last 12 months, Mutual Funds have increased their stake in ITC. From 12.8% in September 2024, Mutual Funds now have 14.3% sake in the company. Mirae Asset MF, PPFAS MF, UTI MF, Nippon Life India MF, ICICI Prudential MF, and SBI MF are some of the prominent shareholders in the company.By Hormaz Fatakia January 2, 2026, 10:34:34 AM IST (Updated)2 Min ReadShares of ITC Ltd. are down another 4% on Friday, January 2, extending their losses after Thursday's sharp sell-off after the excise duty hike on cigarettes. There have been at least seven downgrades issued to ITC since the morning with sharp cuts to price targets.
While ITC has no promoter shareholding, it has a significant mutual fund shareholding, and an equally large retail shareholder base.
At the end of the September quarter, ITC had nearly 36 lakh retail shareholders, or those with authorized share capital of up to ₹2 lakh. Together, these shareholders had a 11.2% stake in the company.
As of September 2024, 12 months prior, the company had 34.9 lakh retail shareholders with 11% stake.
Over the last 12 months, Mutual Funds have increased their stake in ITC. From 12.8% in September 2024, Mutual Funds now have 14.3% sake in the company. Mirae Asset MF, PPFAS MF, UTI MF, Nippon Life India MF, ICICI Prudential MF, and SBI MF are some of the prominent shareholders in the company.
Fund / InstitutionStake (%)Mirae Asset MF1.06PPFAS MF1.17UTI MF1.3Nippon Life India MF1.36ICICI Prudential MF2.28SBI MF3.26
Among the insurance companies, the Life Insurance Corporation of India features among its largest public shareholders, with a 15.86% stake. This two-day fall has also led to a drop of ₹11,000 crore in the value of LIC's stake in ITC.
Specified Undertaking of the Unit Trust of India (SUUTI) has a 7.78% stake, while GQG Partners Emerging Markets Equity Fund (2.1%) and GQG Partners International Opportunities Fund (1.65%) feature as some of the other prominent public shareholders.
Shares of ITC are looking to recover from the lows of the day, currently trading 3.4% lower at ₹351.4.
Also Read: Cigarette Excise Duty Hike — The estimated financial impact on ITC, Godfrey Phillips explainedContinue ReadingFirst Published: Jan 2, 2026 10:31 AM ISTTagsexcise dutyITC share priceITC shareholdingITC sharesshare market today