GQG Partners bought 17.1 million shares of Ambuja Cements via a block deal on Friday. Other buyers included Morgan Stanley, Norges Bank, SBI Life Insurance, an ET Now report stated. Adani Group’s Holderind Investments sold 68 million shares in the cement maker, the report said. This is a developing story and more information is awaited. … Read more
Debt-ridden telco Vodafone Idea (VI), which has been plagued by losses and subscriber erosion, is coming up with a follow-on public offer (FPO) on April 18. The Rs 18,000 crore share sale is expected to attract some marquee investors including GQG Partners, Morgan Stanley Investment Management, AustralianSuper, Fidelity among others. Bloomberg reported that GQG will … Read more
Sajjan-Jindal-led JSW Energy Limited has raised Rs 5,000 crore by selling shares to institutional investors, including Blackrock Inc, Nomura, Wellington Management Company, GQGPartners, UBS Group, and Abu Dhabi Investment Authority (ADIA), the company said in a late regulatory filing on Friday. The proceeds from the QIP will be used to pare debt and also invest … Read more
