GQG Partners offloads JSW Energy shares for Rs 676 cr

• GQG Partners sold JSW Energy shares worth Rs 676 crore on Tuesday through an open market transaction.
• The US-based investment firm offloaded over 1.52 crore shares (0.87% stake) at an average price of Rs 444 apiece.
• Following the sale, GQG Partners' holding in JSW Energy declined to 0.92% from 1.79%.
• JSW Energy's shares slipped 0.44% to close at Rs 451.60 apiece on the BSE.
• JSW Energy reported a 17% decline in Q2 net profit to Rs 705 crore, despite a 59% rise in revenues to Rs 5,361 crore.

Why It Matters: GQG Partners' significant JSW Energy share sale impacts market sentiment.