GMR Airports Limited
Fidelity, through its affiliate Fidelity International Small Cap Fund, bought 19.5 crore shares of GMR Airports for ₹1906.12 crore at ₹97.75 apiece in a block deal. This represents a 1.84% stake in the company. The shares were sold by GQG Partners Emerging Markets Equity Fund.
A diversified infrastructure company, GMR Airports develops, maintains, and operates airports across India while generating power and conducting coal mining exploration activities. The company also develops highways, special economic zones, and undertakes engineering, procurement, and construction contracting services. Its airport operations form a significant business pillar within its broader infrastructure portfolio spanning multiple sectors.
Boston-based global active asset manager with India exposure through emerging market and India-focused funds.