MUMBAI, July 17 Cyprus-based Golboot Holdings, a
firm controlled by Goldman Sachs Group Inc sold 11.8
million shares, or a 1.91 percent stake, in Indian auto maker
Mahindra and Mahindra Ltd via a block deal on the BSE
The sale was carried out at an average price of 1,161.23
rupees a share, according to exchange data.
The data also shows another Goldman entity, Goldman Sachs
Singapore Pte, bought 4.26 million Mahindra and Mahindra shares,
while Fidelity Destiny Portfolios Fidelity Advisor Diversified
Stock bought 4.56 million shares.
Golboot Holdings sold 7 million shares of Mahindra and
Mahindra at 1,076.21 rupees each on the NSE on May 14.
Mahindra and Mahindra said in May 2008 it had sold 7 billion
rupees worth of convertible debt instruments to Golboot Holdings
Ltd to fund its auto and tractor businesses.
Mahindra and Mahindra Ltd shares fell 3.1 percent.
(Reporting by Abhishek Vishnoi and Indulal PM and Anupama