Key facts
- GQG Partners sold 1.8% of GMR Airports.
- The stake sale was valued at Rs 1,906 crore.
- Fidelity International acquired the stake.
- GMR Airports reported a Rs 400.49 crore profit for the March quarter.
US investment firm GQG Partners has divested a 1.8 per cent stake in GMR Airports, amounting to 19.50 crore shares, in a transaction valued at Rs 1,906 crore. The buyer in this deal was Fidelity International, which acquired the same number of shares. This significant transaction took place against the backdrop of GMR Airports announcing its financial results for the March quarter, during which the company reported a profit of Rs 400.49 crore.