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The Economic Times
The Economic Times
Business
Akash Podishetti

Block deal: Goldman Sachs picks stake in this smallcap stock that surged 50% in 6 months

Motilal Oswal

Shares of GNG Electronics witnessed a block deal worth about Rs 175 crore on Thursday, with multiple domestic mutual funds and foreign investors picking up shares in the recently listed refurbished electronics company. According to exchange data, Promoter Vidhi S Khandelwal sold 44.87 lakh shares of GNG Electronics at Rs 390 per share, taking the total transaction value to Rs 175 crore.

Among the prominent buyers was Motilal Oswal Equity Opportunities Fund Series II, which acquired 6.41 lakh shares. Other institutional investors participating in the transaction included Mirae Asset Mutual Fund, ITI Mutual Fund, Edelweiss Mutual Fund, Trust Mutual Fund, and Goldman Sachs Asia Equity Portfolio.

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