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      Question

      American investment firm GQG Partners sold a 1.85% stake

      in GMR Airports Limited to Fidelity International for how much amount?
      A Rs 1,000 crore Correct Answer Incorrect Answer
      B Rs 1,500 crore Correct Answer Incorrect Answer
      C Rs 1,906 crore Correct Answer Incorrect Answer
      D Rs 2,500 crore Correct Answer Incorrect Answer
      E Rs 3,000 crore Correct Answer Incorrect Answer

      Solution

      GQG Partners sold a 1.85% stake worth Rs 1,906 crore in GMR Airports Limited (GAL) to Fidelity International Limited (FIL) through Open Market Operations. GQG Partners sold 1.95 crore equity shares (1.85%) in GAL at a transaction price of Rs 97.75 per share.

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