Global financial firm Goldman Sachs Investments has reduced its stake in the IT firm Rolta India to 2.89 per cent by offloading equities worth Rs 121.92 crore in the open market transactions.
In a disclosure to the Bombay Stock Exchange, Rolta India said Goldman Sachs Investments (Mauritius) has sold 73.26 lakh shares representing 4.55 per cent stake, valued at Rs 121.92 crore through market transaction between June 14, 2008 and January 5, 2009.
While, Goldman Sachs also bought 36.94 lakh shares representing 2.29 per cent stake in Rolta India for Rs 100.58 crore, the filing added.
Post transaction, Goldman Sachs Investments (Mauritius) now holds 46.53 lakh shares representing 2.89 per cent stake in the IT firm.
Shares of Rolta India today settled the day at Rs 90.55, down 1.25 per cent on the BSE.