Global institutional investors made significant moves in the Indian stock market as bulk deals in two major companies were reported. Goldman Sachs reduced its holding in Manappuram Finance by selling over 65 lakh shares worth approximately ₹190 crore. The shares were acquired by Morgan Stanley, reflecting active portfolio adjustments by international financial firms. Despite the stake reduction, Manappuram Finance shares closed the day on a positive note.
In a separate transaction CLSA sold more than 71 lakh shares of Sunteck Realty for around ₹269 crore. These shares were picked up by affiliates of Goldman Sachs and Morgan Stanley, giving them nearly five percent of the company’s equity. This transaction marks a notable shift in Sunteck Realty’s ownership and demonstrates continued interest from foreign investors in the Indian real estate sector, even as the stock has faced challenges in recent months.
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