GQG acquires shares worth Rs 982 crore in JSW Energy

Mumbai: US-based asset management firm GQG Partners has bought shares of JSW Energy worth more than ₹982 crore through the open market this week, data on the bourses showed.

On Wednesday, GQG bought 1.6 crore shares or 1.01% stake in the company at ₹341.7 on the BSE, for around ₹571 crore. Shares of JSW Energy ended nearly 6% higher at ₹368.0 on the NSE. GQG purchased these shares through six funds.

JSW Investments sold 2.1 crore shares on Wednesday. The promoter held a 20.2% stake in the company as on June-end.

GQG had bought 1.1 crore shares of JSW Energy on Monday as well. These shares, a 0.7% stake in the company, were bought at ₹345 a piece, aggregating to around ₹411 crore. On Monday, Authum Investment & Infrastructure sold 1.6 crore shares of the company at ₹345 rupees a piece.