GQG Partners Cuts JSW Energy Stake in Rs 676.7-Crore Bulk Sale

Overview

• GQG Partners Emerging Markets Equity Fund sold 1,52,40,805 JSW Energy shares at an average price of Rs 444, totaling Rs 676.69 crore.
• The asset manager’s holding fell to 0.92% from 1.79% following the transaction.
• BSE bulk deal disclosures did not identify who purchased the shares.
• JSW Energy shares closed at Rs 451.60 on the BSE, down 0.44% for the day.
• The company earlier reported a 17% year-on-year PAT decline to Rs 705 crore for the September quarter and is targeting a Q3 FY26 start for a 5-GWh Pune battery assembly unit as green hydrogen trial runs at Vijayanagar near completion.