Foreign fund house Goldman Sachs Investments Mauritius sold 6.55 lakh shares of telecom value-added services provider, OnMobile Global, for Rs 2.22 crore through open market transaction.
According to bulk data available with the stock exchanges, Goldman Sachs Investments Mauritius offloaded 6,55,632 shares of OnMobile Global for Rs 34.01 apiece, valuing the deal to Rs 2.22 crore.
The company’s promoter Arvind Rao was alleged to have siphoned off money for a private venture.
Shares of the company fell by 3.31 percent to close at Rs 33.60 on the BSE on Monday.
Firstpost encourages open discussion and debate, but please adhere to the rules below, before posting. Comments that are found to be in violation of any one or more of the guidelines will be automatically deleted:
Personal attacks/name calling will not be tolerated. This applies to comments directed at the author, other commenters and other politicians/public figures
Please do not post comments that target a specific community, caste, nationality or religion.
While you do not have to use your real name, any commenters using any Firstpost writer's name will be deleted, and the commenter banned from participating in any future discussions.
Comments will be moderated for abusive and offensive language.