Private equity player GQG Partners hikes stake in GMR Airports to 5.17%

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Private equity player GQG Partners hikes stake in GMR Airports to 5.17% - Business Standard

Quick Summary:

Private equity player GQG Partners has hiked its stake in GMR Airports Infrastructure to 5.17 per cent by snapping up additional shares worth over Rs 433 crore through open market transactions.

GQG Partners, also a key investor in Adani Group, purchased 0.43 per cent stake in GMR Airports Infrastructure on August 23, according to a regulatory filing on Wednesday.

Through its affiliates, Fort Lauderdale-based asset management firm GQG Partners acquired an additional 0.43 per cent or over 4.52 crore shares.