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.
