GQG Companions sells 1.8% stake in GMR Airports for Rs 1,906 crore; Constancy buys holding
Rajiv Jain-backed GQG Companions, via its affiliate GQG Companions Rising Markets Fairness Fund offloaded 19.50 crore shares representing a 1.85 per cent stake in GMR Airports, in keeping with block deal information obtainable on the NSE.
The shares had been disposed of at a median value of Rs 97.75 apiece, taking the transaction worth to Rs 1,906.12 crore.
In the meantime, Constancy Worldwide via its affiliate Constancy Funding Belief Constancy Worldwide Small Cap Fund acquired the identical variety of shares, as per the info on the Nationwide Inventory Trade (NSE).
Shares of GMR Airports rose 1.04 per cent to shut at Rs 99.15 apiece on the NSE.
Final month, GMR Airports Ltd (GAL) has swung into the black, posting a revenue of Rs 400.49 crore within the three months ended March this yr.
The airports operator had incurred a lack of Rs 252.66 crore within the year-ago interval, the corporate mentioned in a regulatory submitting.
Within the fourth quarter of 2025-26 monetary yr, whole earnings climbed to Rs 4,042.90 crore from Rs 2,976.76 crore in the identical interval a yr in the past, it added.
