Markets | Goldman Sachs unit buys 1.1% in KS Oils

Markets | Goldman Sachs unit buys 1.1% in KS Oils

Mumbai: Goldman Sachs Investments Mauritius Ltd bought 1.1%, or 4 million shares, in KS Oils Ltd, an Indian cooking oils manufacturer, at Rs62 apiece, according to the Bombay Stock Exchange website.

Goldman Sachs has also acquired 1.6%, or 5.6 million shares, of the company at Rs58.75 each, according to a release on the website on 18 September.

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RBI to buy Rs6,000 cr of existing debt on 24 Sep

Mumbai: The Reserve Bank of India, or RBI, plans to purchase Rs60,00 crore of existing debt in open-market operations on 24 September, it said in a statement in Mumbai on Tuesday.

The notes it plans to buy include 7.56% debt due 2014, 6.05% bond maturing in 2019, 7.94% security due 2021 and 7.5% debt maturing in 2034.

— Bloomberg

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Jaiprakash Associates plans to raise $150 mn

Mumbai: Jaiprakash Associates Ltd plans to raise $150 million (around Rs723 crore) selling shares, with the option to increase the sale to as much as $200 million, a sale document showed.

The shares are being offered for Rs238-243 rupees each, the sale document showed.

Bank of America Merrill Lynch is arranging the sale.

Jaiprakash Associates’ executive general manager Sunita Joshi didn’t immediately return a call seeking comments.

— Bloomberg

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