GQG Partners, the New York-based global equity investment fund, reinforced its India bet by buying Singapore Telecommunications' 0.81 per cent stake worth ₹5,673 crore in Bharti Airtel on Thursday.
The fund also acquired an additional stake in real estate developer Macrotech Developers on Thursday, thus increasing its exposure to Indian companies. At the same time, the firm also churned its portfolio as it sold 2 per cent stake in hospital chain Max Healthcare Institute via multiple on-market transactions between July 5, 2023 and March 4, 2024.
GQG Partners made news last year in March when it acquired shares worth ₹15,446 crore in four Adani group listed entities from the Adani family. The contrarian bet on Adani shares was made when the group's shares were under attack after an adverse report from Hindenburg Research, a US-based short seller.
هذه القصة مأخوذة من طبعة March 08, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 08, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Fire at UP substation trips power supply to parts of Delhi
Outage disrupted day-one ceremony of several ministers
Digital platforms now a crucial pillar for FMCGs to advertise
Digital platforms are a crucial pillar in driving brand imagery, equity, and higher return on investment across categories in the fast-moving consumer goods space, according to a report by Nielsen and Kantar.
Indian varsities can now offer admission twice a year: UGC
Indian universities and higher education institutions will now be allowed to offer admissions twice a year on lines of foreign universities with the University Grants Commission (UGC) giving a go ahead to the plan, UGC chief Jagadesh Kumar said.
SC seeks Centre, NTA reply on fresh NEET-UG exam plea
The Supreme Court on Tuesday sought the response of the Centre and the National Testing Agency on a plea seeking fresh conduct of medical entrance exam NEET-UG, 2024, on the grounds of alleged question paper leak and other malpractices.
IT'S MINNOW OR NEVER
USA's win over Pakistan in the T20 World Cup comes as the icing on a surge of smaller cricket playing nations. Now, how about a dose of Karl Marx?
Hopes of good rains, crop prices fuel rally
The stocks of agrochemical companies have seen a rally ☐ over the past week on expectations that favourable monsoon, higher crop prices and measures taken by the government to boost rural economy would aid the sector.
Sensex, Nifty settle flat amid volatile trade
Benchmark equity indices Sensex and Nifty ended almost flat on Tuesday after a recordbreaking rally as investors preferred to remain on the sidelines awaiting further triggers.
IndiGo sells stake to scale up hospitality business: IGE
Rahul Bhatia-owned InterGlobe Enterprises (IGE) on Tuesday said it sold a 2 per cent stake in InterGlobe Aviation via a block deal to raise funds for scaling up its hospitality business and other incubating ventures.
Gains for Bata hinge on recovery hopes, rising premium portfolio
The stock of footwear major Bata India has been the highest gainer among larger listed footwear companies since the start of the month on expectations of a recovery in the value segment, new launches and measures by the new government to boost consumption.
INDIA INC'S PROFIT-TO-GDP RATIO AT 15-YEAR HIGH
India Inc's profit as a percentage of gross domestic product (GDP) has risen to a 15year high led by improvement in the bottom line of financials, energy and automobile companies.
