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Goldman units to sell up to $110 million stake in India's Max Financial

Reuters  |  MUMBAI 

(Reuters) - will sell worth up to $110 million in India's Services Ltd on Friday, according to a deal term sheet seen by

Two Goldman units are offering to sell a 4.42 percent stake, or 11.8 million shares, in in a block trade, the term sheet showed.

The share sale's floor price has been set at 595 rupees, which is a 0.8 percent discount to the stock's Thursday closing price.

Citi is the sole bookrunner.

In April, Goldman sold a 3.7 percent stake in

(Reporting by Savio Shetty and S. Anuradha; Editing by Mark Potter)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 18:47 IST