GMR Airports Infrastructure jumps over 3% ; after GQG Partners acquires 4.7% stake GMR Airports Infrastructure experienced a notable 3% increase in its shares on the NSE following a substantial share acquisition by GQG Partners. The investment firm acquired shares worth Rs 1,671.5 crore in GMR Airports Infrastructure. As per exchange data, GQG Partners Emerging Markets Equity Fund and Goldman Sachs Trust II, through Goldman Sachs GQG Partners International Opportunities Fund, procured 28.29 crore equity shares, representing a 4.7% stake in GMR Airports Infrastructure through open market transactions. The acquisition was executed at an average price of Rs 59.09 per share, totaling Rs 1,671.55 crore. On the divestment front, foreign portfolio investors A/D Investors Fund LP, ASN Investments, and Varanium India Opportunity opted to exit GMR by selling their entire personal shareholdings. A/D Investors Fund LP sold 7.56 crore shares at an average price of Rs 58.20 per share, ASN Investments sold 43.9 crore shares at an average price of Rs 58.21 per share, and Varanium India Opportunity sold 13.9 crore shares at an average price of Rs 58.47 per share. “GQG Partners’ substantial investment in GMR Airports signals a clear message: the Indian aviation sector is soaring. This strategic move, acquiring a 4.7% stake in the company, reflects GQG’s bullish outlook on the industry’s robust growth potential,” said Sonam Srivastava, Founder and Fund Manager at Wright Research Srivastava, also said that the Several factors fuel this optimism: a surging middle class driving passenger traffic, government initiatives like UDAN promoting connectivity, and a booming e-commerce sector propelling cargo movement. GMR Airports, with its existing portfolio and exciting greenfield projects, is well-positioned to capitalize on these trends. Its commitment to efficiency, technology, and sustainability further enhances its competitive edge. This investment not only reinforces the sector’s potential but also paves the way for significant expansion, painting a bright future for the Indian aviation landscape.
2. Warren Buffett talked about his business partner Charlie Munger in his letter. He said they both think alike but what it takes Warren Buffett a page to explain, Charlie Munger sums up in a sentence. Charlie Munger’s version, moreover, is always more clearly reasoned.
The lesson for investors: “I will add to Charlie’s list a rule of my own: Find a very smart high-grade partner – preferably slightly older than you – and then listen very carefully to what he says,” Warren Buffett said.
3. Warren Buffett emphasised that his long-time business partner Charlie Munger and he are business pickers, not stock pickers. He further said that efficient markets exist only in textbooks.
“We own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business pickers,” Warren Buffett said.