Its shareholding in ITC decreased to 29.02% in 2023 from 29.19% in 2022. Japan's Sumitomo Wiring Systems' (SWS) sale of stake in Samvardhana Motherson will fetch the company about ₹ 3,633 crore, according to media reports. Last year, the company sold 3.4% stake in Samvardhana, citing a global deleveraging strategy to fund partial debt prepayment of SWS group in the rising interest environment. Some of the other transactions in recent times include Whirlpool's 24% stake sale in its Indian arm and Fairfax's group entity Fairbridge Capital (Mauritius) Ltd selling about 8.5% stake in Thomas Cook India.