GMR Airports Sees 1.38% Surge as GQG Partners Acquires Rs 1,671.5 Crore Stake

11 Dec 2023 , 02:59 PM

GMR Airports Infrastructure registers a 1.38% increase in shares on NSE following a Rs 1,671.5 crore acquisition by GQG Partners.

At the time of writing, GMR Airports Infrastructure shares trade at Rs 73.80 each.

GQG Partners Emerging Markets Equity Fund and Goldman Sachs Trust II purchase 28.29 crore equity shares, representing a 4.7% stake, at an average price of Rs 59.09 per share.

Nomura India Investment Fund Mother Fund acquires 6.25 crore shares (1% stake), while Stichting Depositary APG Emerging Markets Equity Pool picks up 3.4 crore shares (0.56% stake) at average prices of Rs 58.20 per share.

Foreign portfolio investors A/D Investors Fund LP, ASN Investments, and Varanium India Opportunity exit GMR, selling 7.56 crore shares, 43.9 crore shares, and 13.9 crore shares, respectively, at average prices ranging from Rs 58.20 to Rs 58.47 per share.

Airports Economic Regulatory Authority (AERA) revises aeronautical charges for Manohar International Airport, Goa, starting January 1, 2024, encompassing UDF, landing charge, parking charge, etc.

For feedback and suggestions, write to us at [e-mail]