GQG Partners sells nearly 1% stake in JSW Energy for Rs 677 crore

Bulk Deals on December 9

GQG Partners Emerging Markets Equity Fund, managed by GQG Partners, a boutique asset manager co-founded by Rajiv Jain, sold nearly 1 percent equity stake in JSW Energy via open market transactions on December 9.

JSW Energy shares fell 2.33 percent to Rs 451.2 with above-average volumes on the NSE.

GQG Partners Emerging Markets Equity Fund sold 1.52 crore equity shares (equivalent to 0.87 percent of paid-up equity) in the power generation company, for Rs 676.7 crore at Rs 444 per share.

US-based investment firm GQG Partners held 1.79 percent stake in JSW Energy as of September 2025.

Anand Rathi Wealth was also in focus on Tuesday, declining 1 percent to Rs 2,868. SBI Mutual Fund has acquired additional 6.02 lakh shares (0.7 percent of paid-up equity) for Rs 168.8 crore at Rs 2,800 per share, whereas Amit Rathi sold 20 lakh shares (2.4 percent stake) for Rs 560 crore at Rs 2,800.03 per share.

Fahim Sultan Ali has net bought Rs 3.54 lakh shares in the wealth company for Rs 196 crore at Rs 2,800 per share.

SBI Mutual Fund held 1.84 percent stake, and Amit Rathi had owned 3.09 percent shares in Anand Rathi Wealth as of September 2025.

Meanwhile, The Golden Bird Investment Trust - I has acquired 5.12 lakh shares in Coastal Corporation for Rs 2.12 crore, however, Green Portfolio sold 3.41 lakh shares for Rs 1.4 crore. Both transactions took place at a price of Rs 41.5 per share.