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Goldman Sachs reduces stake in Rolta India to 2.89%

Goldman Sachs reduces stake in Rolta India to 2.89%
PTI
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First Published: Tue, Feb 03 2009. 05 16 PM IST
Updated: Tue, Feb 03 2009. 05 16 PM IST
Mumbai: Global financial firm Goldman Sachs Investments has reduced its stake in the IT firm Rolta India to 2.89% by offloading equities worth Rs121.92 crore in the open market transactions.
In a disclosure to the Bombay Stock Exchange, Rolta India said Goldman Sachs Investments (Mauritius) has sold 73.26 lakh shares representing 4.55% stake, valued at Rs121.92 crore through market transaction between 14 June 2008 and 5 January 2009.
While, Goldman Sachs also bought 36.94 lakh shares representing 2.29% stake in Rolta India for Rs100.58 crore, the filing added.
Post transaction, Goldman Sachs Investments (Mauritius) now holds 46.53 lakh shares representing 2.89% stake in the IT firm.
Shares of Rolta India on Tuesday settled the day at Rs90.55, down 1.25% on the BSE.
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First Published: Tue, Feb 03 2009. 05 16 PM IST