GMR Airports Infrastructure experienced a notable 3% increase in its shares on the NSE following a substantial share acquisition by GQG Partners. The investment firm acquired shares worth Rs 1,671.5 crore in GMR Airports Infrastructure.
As per exchange data, GQG Partners Emerging Markets Equity Fund and Goldman Sachs Trust II, through Goldman Sachs GQG Partners International Opportunities Fund, procured 28.29 crore equity shares, representing a 4.7% stake in GMR Airports Infrastructure through open market transactions. The acquisition was executed at an average price of Rs 59.09 per share, totaling Rs 1,671.55 crore.
