GQG Partners Emerging Markets Equity Fund—managed by US-based boutique asset manager GQG Partners, co-founded by Rajiv Jain—has sold nearly 1% of its stake in JSW Energy through open market deals on December 9.
The fund offloaded 1.52 crore equity shares, representing 0.87% of JSW Energy’s paid-up equity, for approximately ₹676.7 crore at an average price of ₹444 per share.
Following the sale, JSW Energy shares dropped 2.33% to ₹451.2 on the NSE, witnessing above-average trading volumes. As of September 2025, GQG Partners held a 1.79% stake in the power generation company.
In other block deals, Anand Rathi Wealth saw a 1% decline to ₹2,868 amid heavy trade. SBI Mutual Fund purchased 6.02 lakh shares (0.7% stake) worth ₹168.8 crore at ₹2,800 per share, while Amit Rathi sold 20 lakh shares (2.4% stake) for about ₹560 crore at nearly the same price. Fahim Sultan Ali also acquired 3.54 lakh shares valued at ₹196 crore.
Meanwhile, The Golden Bird Investment Trust—I picked up 5.12 lakh shares in Coastal Corporation at ₹41.5 per share for ₹2.12 crore, while Green Portfolio exited 3.41 lakh shares worth ₹1.4 crore at the same price.
Disclaimer:
This article is intended for informational purposes only and does not constitute investment advice. Market investments are subject to risk—please consult a financial advisor before making any investment decisions.
