GQG Partners acquired 1.8% stake in GMR Airport for Rs. 1,906 crore sold; Loyalty buys holdings

US-based investment firm GQG Partners on Wednesday sold 1.8 per cent stake in airport operator GMR Airports to Fidelity International through an open market transaction for Rs. 1,906 crore was sold.

Rajiv Jain-backed GQG Partners, through its affiliate GQG Partners Emerging Markets Equity Fund, offloaded 19.50 crore shares representing 1.85 per cent stake in GMR Airport, according to block deal data available on NSE.

The disposal of shares averaged Rs. 97.75, the transaction value was Rs. 1,906.12 crores.

Meanwhile, Fidelity International acquired an equal number of shares through its affiliate Fidelity Investment Trust Fidelity International Small Cap Fund, according to National Stock Exchange (NSE) data.

Shares of GMR Airport rose 1.04 percent on the NSE to Rs. closed at 99.15.

Last month, GMR Airports Limited (GAL) reported Rs. 400.49 crore profit was recorded.

The company said in a regulatory filing that in the year-ago period, the airport operator received Rs. 252.66 crore was lost.

In the fourth quarter of FY 2025-26, the total revenue increased to Rs. 4,042.90 crore as compared to Rs. 2,976.76 crore, he added.