Causeway Capital acquires over half a percent stake in Gujarat Pipavav Port

Bulk Deals on November 20

Causeway Emerging Markets Fund, managed by California-headquartered Causeway Capital Management, has picked up little more than half-a-percent equity stake in Gujarat Pipavav Port via open market transaction on November 20.

Gujarat Pipavav Port shares gained nearly 2 percent to close at Rs 177.31 with above-average volumes on the NSE, sustaining above all key moving averages.

Causeway Emerging Markets Fund has bought 25.77 lakh shares (equivalent to 0.53 percent of paid-up equity) in Gujarat Pipavav Port, the first private port developed under the Public Private Partnership model in India, at Rs 177.55 per share, valued at Rs 45.77 crore.

Specialty chemicals maker Fairchem Organics shares remained in focus for second consecutive session, rising 0.33 percent to Rs 697.05 and hovering around the short term moving averages.

360 ONE Special Opportunities Fund - Series 7 continued to be seller in Fairchem for another session, offloading 80,655 shares (0.6 percent stake) at Rs 696.74 per share for Rs 5.6 crore.

360 One Special Opportunities Fund - Series 7 was holding 3.61 percent stake in Fairchem as of September 2025, of which it already sold 0.67 percent stake in the previous session.

Today during market hours, Fairchem Organics has approved the proposal to buy back its 4.25 lakh equity shares for up to Rs 34 crore.