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Block Deals: Goldman Sachs among those that bought stake in Gokaldas Exports

Among sellers were Clear Wealth Consultancy Services that sold 60 lakh shares of the company.

March 09, 2023 / 08:12 PM IST
 
 
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Goldman Sachs Collective Trust was among the key investors that bought a stake in Gokaldas Exports on March 9 that led to a 3.4 percent drop in share price of the company, bulk deal data showed.

It acquired 7,20,634 shares of Gokaldas Exports at an average price of Rs 391.68 per share. Aditya Birla Sun Life Mutual Fund also bought nearly 8 lakh shares in the apparel manufacturer and exporter, at an average price of Rs 390. Ashoka India Equity Investment Trust also bought 3.6 lakh shares.

Among the sellers were Clear Wealth Consultancy Services that sold 60 lakh shares of the company.

ALSO READ: Block Deals | Promoters offload Rs 825 crore worth of shares in Kirloskar Oil

In October 2022, Clear Wealth Consultancy Services LLP had sold 15 lakh shares that had been picked up by Abu Dhabi Investment Authority. At the end of the December quarter, Clear Wealth Consultancy Services LLP held a 20.56 percent promoter stake in Gokaldas Exports.

Gokaldas Exports is a leading Indian apparel manufacturer and exporter with a presence in over 50 countries worldwide. The company specialises in producing knitwear, woven garments, and fashion accessories.

Besides, Bessemer India Capital sold 68 lakh shares of Home First Finance at an average Rs 686 per share, some of which were acquired by Fidelity Funds and Nomura India Stock Mother Fund.

Also Read: Bessemer India Capital exits Home First Finance, sells 7.75% stake for Rs 467 cr

Earlier in the day, the stock plunged nearly 8 percent to end at Rs 680 on BSE.

Moneycontrol News
first published: Mar 9, 2023 08:10 pm