GMR Airports Limited
Fidelity, an FPI, bought 149,250,100 shares of GMR Airports Limited for ₹1458.92 Cr at ₹97.75 apiece in a bulk deal. This acquisition was part of a larger transaction where Fidelity International acquired a 1.8% stake in GMR Airports from GQG Partners.
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.