Goldman Sachs Makes Significant Investment in HAL and Zomato

Goldman Sachs has acquired shares worth Rs 281 crore in Hindustan Aeronautics Ltd and Zomato through open market transactions. The move involved purchasing 3.85 lakh shares of HAL and 60.07 lakh shares of Zomato. Kadensa Capital sold an equal number of shares in both companies.

In a significant financial move, Goldman Sachs, through its Singapore affiliate, acquired shares of state-owned Hindustan Aeronautics Ltd (HAL) and online food delivery company Zomato, amounting to a total of Rs 281 crore. This purchase was made through open market transactions as per BSE block deal data.

The US-based financial services giant snapped up 3.85 lakh shares of Bengaluru-based HAL and 60.07 lakh shares of Zomato, as recorded in the financial data. The share prices ranged from Rs 199.5 to Rs 4,176.25, resulting in a combined deal value of Rs 280.96 crore.

In contrast, Hong Kong's Kadensa Capital, via its Kadensa Master Fund, offloaded the same quantity of shares in both companies at similar prices. On the same day, HAL's shares showed marginal gains to close at Rs 4,176, while Zomato's share price decreased by 2.07%, settling at Rs 201.50 on the BSE.

(With inputs from agencies.)