GQG Partners has acquired an extra 4.5 crore shares, or 0.43 percent equity, in the firm through a bulk deal on August 23, according to an exchange filing. With this, GQG’s stake in the firm has increased to 5.17 percent.
In December 2023, Rajiv Jain-led GQG Partners acquired an average price of Rs 59.09 per share, or Rs 1.671.55 crore, for a 7.66 percent stake in the company through open market transactions. However, the shareholding fell below 5% due to corporate action by GMR Airports. Now, GQG has acquired further shares, bringing its holdings back above the 5% mark.
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GMR Airports