This Article is From Mar 02, 2013

Goldman Sachs buys 3.78 lakh shares of Bharti Infratel

Goldman Sachs buys 3.78 lakh shares of Bharti Infratel
Mumbai:

Goldman Sachs Investments Mauritius Ltd today picked up 3.78 lakh shares in telecom tower company Bharti Infratel for over Rs 7 crore.

The shares were purchased from DB International (Asia) through open market transaction.

According to the information available with the stock exchanges, Goldman Sachs Investments Mauritius bought 3.78 lakh shares (amounting to 0.02 per cent stake) of Bharti Infratel, a unit of telecom major Bharti Airtel.

The stocks were purchased on an average price of Rs 191.9 valuing the deal size to Rs 7.25 crore. Sunil Bharti Mittal led-Bharti Infratel got listed on the stock exchanges in December last year.

Shares of Bharti Infratel slipped 0.44 per cent to settle at Rs 191 apiece on the Bombay Stock Exchange (BSE).