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Goldman says no plan to sell NSE stake

Goldman says no plan to sell NSE stake
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First Published: Thu, Mar 05 2009. 01 29 PM IST
Updated: Thu, Mar 05 2009. 01 29 PM IST
Hong Kong: Wall Street bank Goldman Sachs said on Thursday it has no plan to sell its 5% stake in the National Stock Exchange of India, refuting a local media report.
“Contrary to a Mumbai newspaper report today, Goldman Sachs currently has no plans to dispose of its 5% interest in the National Stock Exchange of India nor is it engaged in any discussions in relation to the sale of this investment,” Goldman Sachs spokesman Edward Naylor said in an e-mailed statement.
Goldman Sachs along with the New York Stock Exchange, private equity firm General Atlantic and Softbank’s Asian infrastructure fund bought a 20% stake in the NSE, India’s largest bourse, for $490 million in 2007.
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First Published: Thu, Mar 05 2009. 01 29 PM IST