GQG Partners has acquired 1.7 crore shares of Ambuja Cements at ₹625.5 per share, amounting to a total of ₹1,068 crore.
In addition to this, the GQG Partners Emerging Markets Equity Fund also bought 2.68 crore shares, representing a 1.08% stake in the company, at the same price of ₹625.5 per share. This data was revealed in the bulk deal records on the National Stock Exchange (NSE).
Holderind Investments, which is owned by billionaire Gautam Adani and his family, sold a 2.75% stake in Ambuja Cements, totaling 6.79 crore shares. The divestment is part of a strategic move to diversify the company’s shareholder base and attract long-term investors, particularly those focused on infrastructure assets.
Ambuja Cements shares closed 0.10% higher at ₹633.55 per share, slightly outperforming the BSE Sensex, which rose by 0.04%.
