JSW Steel Limited
GQG Partners acquired a new position in JSW Steel, purchasing 24,902,245 shares, representing a 1.02% stake. This was part of a larger block deal on May 18, 2026, where GQG Partners and SBI Mutual Fund together bought over 1.02% stake worth ₹3,150 crore from JSW Energy at ₹1,260 per share.
A leading iron and steel manufacturer in India, JSW Steel produces and sells a comprehensive range of steel products for construction, automotive, infrastructure, and industrial applications. The company operates as the flagship business of the JSW Group, a diversified conglomerate with significant interests in energy, infrastructure, cement, paints, and sports. JSW Steel serves both domestic and international export markets through its integrated manufacturing facilities and distribution network.
Florida-based global active manager founded in 2016 by Rajiv Jain (ex-Vontobel) and Tim Carver. Manages USD 150 bn+, with the EM Equity fund alone at USD 23 bn (Sep 2024). India is the top country weight in GQG's EM strategy with nearly USD 10 bn deployed in Indian equities including big names in financials, energy and infrastructure. Jain's quality-growth playbook has made GQG one of the most-watched buyers on the street.