GQG Partners sells 1.8% stake in GMR Airports; Fidelity International buys for ₹1,906 Crore

US-based investment firm GQG Partners on Wednesday sold a 1.8% stake in airports operator GMR Airports to Fidelity International for ₹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% stake in GMR Airports, according to block deal data available on the NSE.

The shares were disposed of at an average price of ₹97.75 apiece, taking the transaction value to ₹1,906.12 crore.

Meanwhile, Fidelity International through its affiliate Fidelity Investment Trust Fidelity International Small Cap Fund acquired the same number of shares, as per the data on the National Stock Exchange (NSE).

Shares of GMR Airports rose 1.04% to close at ₹99.15 apiece on the NSE.

Last month, GMR Airports Ltd (GAL) has swung into the black, posting a profit of ₹400.49 crore in the three months ended March this year.

The airports operator had incurred a loss of ₹252.66 crore in the year-ago period, the company said in a regulatory filing.

In the fourth quarter of 2025-26 financial year, total income climbed to ₹4,042.90 crore from ₹2,976.76 crore in the same period a year ago, it added.

(Except for the headline, Fortune India has not edited the content of this PTI report.)