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Money Jul 9, 2012

Goldman offloads shares worth Rs 2 crore in OnMobile

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.

Reuters

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.

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