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Goldman Sachs raises stake in Indiabulls

May 12, 2007

Foreign fund Goldman Sachs Investments Mauritius (GSIM) has acquired additional 2.27 lakh shares of Indiabulls Financial Services. The shares were acquired through open market purchases on 04 May 2007. Following the latest acquisition, GSIM’s stake in Indiabulls Financial Services has gone up to 5.03% from 4.92%. Just within the past 2/3 weeks, Goldman Sachs had trimemd the IndiaBulls stake to less than 5% and now they have bought it back. Is SEBI watching the Goldman Game in India ?

Goldman Sachs Investments Mauritius (GSIM) has acquired additional 91.15 lakh shares of Indiabulls Real Estate. The shares were acquired between 24 April- 07 May 2007 through open market purchases.Following the latest acquisition, GSIM’s stake in Indiabulls Real Estate has gone up to 7.08% from 5.07%.

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