Shares of GMR Airports Infrastructure hit a 52-week high of Rs 88.70 on 8 January after around 76 crore shares of the company, representing 12.6% of the total equity, changed hands via block deal on the exchanges for a total transaction value of Rs 4,465 crore.

The buyers and sellers involved in this deal are yet to be identified.

GQG Partners, a global fund and a key investor in Adani Group companies is likely to be the buyer in today’s block deal. Besides GQG, some other long-only funds are also buyers in the transaction.

Earlier in December, GQG Partners had acquired shares of the company via a block deal.

In its quarterly report for July-September, the company reported a marginal decline in its consolidated net loss to Rs 190 crore during the quarter from Rs 197 crore reported in the same quarter last year.

However, the company’s total income surged by 25% year-on-year to Rs 1,607 crore during the quarter on the back of strong growth in traffic. The total passenger traffic during the quarter stood at 2.65 crore, marking a 25% YoY increase from the same quarter last year.

The company currently operates the Rajiv Gandhi International Airport in Hyderabad, New Delhi’s Indira Gandhi International Airport, and the Manohar International Airport in Goa.

At 3:30 pm, the shares of GMR Airports closed 3.81% higher at Rs 87.10 on NSE.