Goldman Sachs Investments Mauritius and GS Mace Holdings have exited media house NDTV by selling their entire stakes in separate deals totalling to Rs 70 crore.
Goldman Sachs Investments Mauritius has sold its entire 5.1 million shares of the media firm, at Rs 76.55 a piece, for about Rs 39.09 crore in an open market transaction, according to the block deal data available on the National Stock Exchange (NSE).
Besides, GS Mace Holdings has sold over 4 million shares in NDTV at Rs 76.55 a piece taking the total to Rs 30.85 crore.
Meanwhile, in separate transactions, Merrill Lynch Capital Markets Espana acquired the stake from Goldman Sachs Investments, and GS Mace Holdings' stake was bought by Nomura Mauritius.
According to the data available with the Bombay Stock Exchange, Goldman Sachs Investments Mauritius and GS Mace Holdings were holding 7.92% and 6.25%, respectively in NDTV at the end of December quarter.
Shares of the media company closed at Rs 74.95 a piece on the NSE, down 1.12% from the previous close.