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GMR Airports Infrastructure up nearly 7% as GQG Partners buys shares worth Rs 1,671 crore

Foreign portfolio investors A/D Investors Fund LP, ASN Investments and Varanium India Opportunity exited GMR by selling their entire personal shareholding.

December 11, 2023 / 15:07 IST
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GMR Airports Infrastructure is the subsidiary of GEPL (GMR Enterprises Private Limited).

GMR Airports Infrastructure on December 11 saw a near 7 percent uptick in its share price on the NSE. This surge followed the acquisition of shares worth Rs 1,671.5 crore in GMR Airports Infrastructure by GQG Partners. At 2:55 pm, shares of GMR Airports Infrastructure were trading at Rs 73.15 apiece.

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According to exchange data, GQG Partners Emerging Markets Equity Fund, and Goldman Sachs Trust II via Goldman Sachs GQG Partners International Opportunities Fund bought 28.29 crore equity shares or 4.7 percent stake in GMR Airports Infrastructure via open market transactions. They bought shares at an average price of Rs 59.09 per share, amounting to Rs 1.671.55 crore.

Nomura India Investment Fund Mother Fund also purchased 6.25 crore equity shares or 1 percent stake in GMR, and Stichting Depositary APG Emerging Markets Equity Pool picked 3.4 crore shares or 0.56 percent stake in GMR at an average price of Rs 58.20 per share.