Rajiv Jain-led GQG Partners are among the six entities that have been allotted shares by Macrotech Developers Ltd. post its Qualified Institutional Placement.
GQG is among the six entities who have been allotted 5% or more shares of the QIP.
Macrotech Developers closed its QIP on Thursday, approving its issue price of ₹1,098 per share, which is a discount of 2.79% to the floor price of ₹1,129 per share.
The real estate developer has raised ₹3,300 crore through its QIP.
Among the other five entities who have been allotted shares in the QIP include New World Fund, HDFC Life Insurance, Invesco and Nomura.
| Fund | Shares Allotted |
| GQG Partners | 11.22% |
| Invesco Developing Markets Fund | 21.46% |
| Nomura Funds | 7.16% |
| HDFC Life | 7.33% |
| Stitching Depository EM Equity Pool | 8.97% |
| New World Fund | 5.18% |
Based on the December quarter shareholding pattern, the New World Fund held 3.64% stake in the company, while the Nomura India Investment Fund held 1.21% in Macrotech.
In an interaction with CNBC-TV18 on January 8, Macrotech's Abhishek Lodha said that the company will be able to deliver on its guidance of 20% bookings growth and there has been a price growth of 6% to 8%.
Shares of Macrotech Developers are trading 0.5% higher at ₹1,202.5. The stock has risen 160% over the last 12 months.
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