Foreign fund house Goldman Sachs Investments (Mauritius) has raised its stake in the leisure infrastructure firm Country Club India to 8.3 per cent through conversion of global depositary receipts (GDRs) into shares of the company.
In a disclosure to the Bombay Stock Exchange, Country Club India said Goldman Sachs Investments (Mauritius) has received 51 lakh shares, representing 6.59 per cent stake in the company, through conversion of GDRs.
Prior to this transaction, Goldman Sachs Investments had a 1.71 per cent stake in the company. Post conversion, the Mauritius-based firm now holds 8.3 per cent stake in Country Club India.
On Monday, shares of Country Club closed at Rs 12.88, up 4.97 per cent on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app