Goldman Sachs, domestic MFs pick up 3.94% in GNG Electronics for ₹175 cr
Goldman Sachs, MCP Emerging Markets, Mirae, ITI, Edelweiss, Trust and Motilal Oswal absorbed a 4.49 mn share block in refurbished-electronics retailer GNG Electronics at ₹390 apiece. Promoter Vidhi Khandelwal trimmed her holding to 11.79% from 15.73% to meet SEBI's minimum public shareholding norm.
Goldman Sachs, MCP and domestic mutual funds bought a 3.94% stake in refurbished electronics retailer GNG Electronics (Electronics Bazaar parent) for ₹175 crore via block deals; promoter Vidhi Khandelwal trimmed stake to meet SEBI minimum public shareholding norms.