US-based boutique investment firm GQG Partners, renowned on Dalal Street as a supporter of Adani, has raised its stake in GMR Airports Infra from 4.74% to 5.17% last week.
In a regulatory filing, GMR Airports Infra stated, "On August 23, 2024, the Acquirer and PACs (persons acting in concert) acquired additional shares, pushing their total shareholding above 5% of the company's share capital."

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