Aditya Birla Sun Life Mutual Fund bought 10.63 crore shares of GMR Airports Limited, acquiring a new 1.01% stake worth ₹1,174.45 Cr.
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.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.
