Mumbai: Joining the other global financial majors who have recently bought shares in Indiabulls Financial, investment bank Goldman Sachs has increased its stake in the domestic brokerage firm to over 5% by buying 3.76 lakh shares.
Goldman Sachs Investments Mauritius Ltd (GSMI) acquired the shares for an undisclosed amount in open market transactions on 30 March, a regulatory filing on the Bombay Stock Exchange shows. With this, GSMI holds 90.93 lakh shares or 5.06% in Indiabulls.
The leading domestic brokerage firm has recently allotted shares representing 3% stake to US-based fund Farallon Capital for Rs186.30 crore.
Foreign fund house Citigroup Global Markets has also bought 14.85 lakh shares in the company worth Rs73 crore through the market-purchase route.
As per the latest shareholding pattern of the brokerage firm, foreign investors such as Merrill Lynch, Lloyd George Investment and Fidelity Funds have significant interests in the company.
Merrill Lynch Capital Markets Espana has over 8% stake in the company, while CLSA Mauritius has 3.3%.
Meanwhile, Goldman Sachs, along with a clutch of other private equity investors, has invested $25 million (Rs105 crore) in IT software and technology support firm Cybernet-SlashSupport.
A few days ago, Goldman Sachs subscribed to a $24 million foreign currency convertible bond issue from ICSA, an embedded technology and electrical infrastructure solutions provider.