Goldman Sachs buys minor stake in Axis Bank, Vedanta from Morgan Stanley

Bulk Deals on January 27

• Goldman Sachs buys minor stake in Axis Bank, Reliance Industries, Vedanta from Morgan Stanley
• Miri Strategic Emerging Markets Fund picks up 0.72% stake in Antony Waste Handling Cell
• Plutus Wealth Management sells 1.4% stake in RateGain Travel to Paisabuddy Finance

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Goldman Sachs Bank has acquired minor stake in Axis Bank, Reliance Industries, and Vedanta from Morgan Stanley via block deals, while the US hedge fund has been increasing shareholding in Antony Waste Handling Cell, the solid waste management solutions provider on January 27.

Frankfurt-based Goldman Sachs Bank Europe SE, the subsidiary of The Goldman Sachs Group, Inc, has bought 51.31 lakh equity shares (equivalent to 0.16 percent of paid-up equity) in Axis Bank for Rs 674.21 crore, from Morgan Stanley Asia (Singapore). The shares were exchanged at a price of Rs 1,313.9 per share.

Further, Goldman Sachs Bank Europe has acquired 25.58 lakh equity shares (0.018 percent stake) in Reliance Industries from Morgan Stanley for Rs 354.1 crore. The exchange price for these shares wa Rs 1,383.9 per share.

Both foreign investors also exchanged Vedanta shares at a price of Rs 699.45 per share. Goldman Sachs purchased 21.74 lakh shares (0.055 percent stake) for Rs 152.11 crore from Morgan Stanley.

Axis Bank shares rallied 4.59 percent to close at Rs 1,315.8 amid high volumes after consolidation seen in the past several weeks, while Vedanta shares rose 3.11 percent to Rs 705.45, and Reliance Industries shares closed flat at Rs 1,380.5.

IndiGrid Infrastructure Trust was also in focus on Tuesday, falling 0.65 percent to Rs 164.23 per unit. Spices maker Everest Food Products has bought 15.22 lakh units (0.17 percent stake) from Ask Financial Holdings. These units worth Rs 25 crore were exchanged at Rs 164.25 per unit.

Antony Waste Handling Cell shares maintained uptrend, rising 3.92 percent to Rs 593.1 on the NSE after consistent buying by the US hedge fund. In previous session, it was up nearly 14 percent.

The Miri Strategic Emerging Markets Fund, owned by Miri Capital Management, has acquired additional 2.04 lakh shares (0.72 percent stake) in Antony Waste at Rs 589.37 per share, valued at Rs 12.05 crore.

With this, in current month, the Miri Strategic Emerging Markets Fund has picked up total 3.26 percent stake, in addition to 1.14 percent shares held as of December 2025.

The brisk action also continued in RateGain Travel Technologies, the SaaS provider in travel and hospitality, which shares fell 0.92 percent to Rs 609.35. Arpit Khandelwal-founded Plutus Wealth Management sold further 16.57 lakh shares (1.4 percent stake) in the company at Rs 606 per share to Paisabuddy Finance, for Rs 100.43 crore.

In the last two sessions, Plutus offloaded total 3.13 percent stake in RateGain, against its shareholding of 6.39 percent stake as of December 2025.