GMR Airports Infrastructure witnessed a notable surge of 1.38% in its shares on the NSE on December 11, driven by the acquisition of shares valued at Rs 1,671.5 crore by GQG Partners. This strategic move by GQG Partners involved purchasing 28.29 crore equity shares, equivalent to a 4.7% stake in GMR Airports Infrastructure through open market transactions. The acquisitions were made at an average price of Rs 59.09 per share, totaling Rs 1,671.55 crore.
The notable investors involved in this transaction include GQG Partners Emerging Markets Equity Fund, Goldman Sachs Trust II via Goldman Sachs GQG Partners International Opportunities Fund, Nomura India Investment Fund Mother Fund, and Stichting Depositary APG Emerging Markets Equity Pool. They collectively acquired 37.94 crore shares, representing a substantial percentage of GMR’s equity.
On the other side, several foreign portfolio investors, namely A/D Investors Fund LP, ASN Investments, and Varanium India Opportunity, divested their entire shareholding in GMR. The shares were sold at average prices ranging from Rs 58.20 to Rs 58.47 per share.
Furthermore, in addition to these developments, the Airports Economic Regulatory Authority (AERA) has revised the ad-hoc aeronautical charges for Manohar International Airport, Goa, effective from January 1, 2024. The revised aeronautical charges encompass various elements such as User Development Fee (UDF), landing charges, parking charges, and more.
This series of transactions and regulatory updates collectively contribute to the evolving landscape of GMR Airports Infrastructure, reflecting the dynamic nature of the aviation industry and financial markets.
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