Goldman Sachs Exits Sterlite Technologies With 2.13% Stake Sale, Pockets Rs 84 Crore
While Bandhan Mutual Fund bought 60.11 lakh shares or 1.23% stake in Sterlite Technologies for Rs 48.69 crore, details of the other buyers could not be ascertained.
Goldman Sachs Asset Management on Wednesday divested a little over 2% stake in Anil Agarwal promoted-Sterlite Technologies Ltd. for Rs 84 crore through an open market transaction.
Goldman Sachs Asset Management through its affiliate Goldman Sachs Funds, Goldman Sachs India Equity Portfolio, sold 1.03 crore shares, amounting to a 2.13% stake in Sterlite Technologies, according to BSE data.
The shares were offloaded at an average price of Rs 81.04 apiece, taking the deal value to Rs 84.10 crore.
Meanwhile, Bandhan Mutual Fund bought 60.11 lakh shares or 1.23% stake in Sterlite Technologies for Rs 48.69 crore.
The shares were acquired at an average price of Rs 81 apiece.
Details of the other buyers of Sterlite Technologies' shares could not be ascertained on the BSE.
The stock of Sterlite Technologies fell 4.02% to close at Rs 80.29 apiece on the BSE.
