Stories
GMR Airports Shares Surge 5% Following Massive ₹818 Crore Block Deal
C
CNBC TV18•09-10-2026, 15:31
GMR Airports Shares Surge 5% Following Massive ₹818 Crore Block Deal
- •Shares of GMR Airports Ltd. jumped up to 5% following a block deal involving 9.1 crore shares.
- •The transaction had a total value of around ₹818 crore with an average price of ₹89.53 per share.
- •The block deal represents approximately 0.87% of the company's total outstanding equity.
- •The development comes amid heightened market focus on investment activity by GQG Partners in India.
Key Questions Answered
GMR Airports shares gained as much as 5% after 9.1 crore shares, representing roughly 0.87% of the company's total outstanding equity, changed hands in a block deal at an average price of ₹89.53 apiece, amounting to a total transaction value of around ₹818 crore.
Founded by Rajiv Jain, GQG Partners has pared stakes worth approximately ₹24,400 crore in various Indian companies since the beginning of 2026, amid heightened market scrutiny over its local investments.
GQG Partners sold nearly 36.51 crore ITC shares worth around ₹9,395 crore through a block deal on October 8, 2026, following its earlier stake reductions across multiple Indian holdings.
