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The Economic Times
The Economic Times
Business

GQG Partners sells 1.8% stake in GMR Airports for Rs 1,906 crore; Fidelity buys holding

GMR Airports GQG Partners Fidelity International NSE United States

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

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

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