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: Goldman Sachs, MCP Emerging Markets and other financial institutions on Thursday picked up more than 44 lakh shares, representing nearly a 4 per cent equity stake, of GNG Electronics, the parent company of Electronics Bazaar, for a total of Rs 175 crore through open market transactions. GNG Electronics promoter Vidhi S Khandelwal pared around 4 per cent stake in the company on Thursday, according to an exchange filing. Shares of the company jumped more than 6 per cent to close at Rs 418.60 apiece on the NSE. Domestic institutional investors such as Mirae Asset Mutual Fund (MF), ITI MF, Edelweiss MF, Trust MF, and Motilal Oswal Equity Opportunities Fund Series II also bought shares of GNG Electronics. These entities collectively purchased 44,87,203 shares representing a 3.94 per cent stake in Mumbai-based GNG Electronics, according to the block deal data available on the National Stock Exchange (NSE). The shares were picked up at an average price of Rs 390 apiece, taking the comb
Global financial services firm Goldman Sachs on Thursday bought more than 1.13 crore shares of Billionbrains Garage Ventures, the parent company of Groww, from venture capital firm Friale for Rs 210 crore through an open market transaction. Goldman Sachs, through its affiliate Goldman Sachs Bank Europe SE, purchased 1,13,43,750 equity shares, representing a 0.18 per cent stake in the Bengaluru-based trading platform, according to block deal data available on the BSE. The shares were picked up at an average price of Rs 185.50 apiece, taking the deal value to Rs 210.43 crore. Meanwhile, Friale offloaded the same number of shares, as per the data. Shares of Groww rose 0.64 per cent to close at Rs 190.05 apiece on the BSE. On Monday, markets regulator Sebi approved US-based State Street Global Advisors' (SSGA) proposed stake acquisition in Groww Asset Management (Groww AMC), a wholly-owned subsidiary of Billionbrains Garage Ventures. Following the proposed transaction, SSGA will acqu