Goldman Sachs Investment in Aye Finance: Interest from big institutional investors is being seen in Aye Finance Limited. On Monday’s trading day, the world’s leading investment bank Goldman Sachs bought 16.8 lakh shares of the company. This deal was done through bulk deal. For which Goldman Sachs has spent about Rs 22 crores. Let us know about this deal……
Goldman Sachs expressed confidence
Goldman Sachs has expressed its confidence in AYE Finance Limited. On Monday, this world’s top investment bank has invested Rs 22 crore in AYE Finance. Earlier, during the anchor allotment on February 6, Goldman Sachs had purchased 53.48 lakh shares for Rs 69 crore.
Since then, big investors are constantly keeping an eye on the company. Goldman Sachs has made this purchase through its affiliated unit ‘Goldman Sachs Funds Goldman Sachs India Equity Portfolio’.
Company’s condition in stock market
The company shares were listed at Rs 129 on BSE on Monday. Shares were seen trading flat during the trading day. At the end of the day, the shares closed at Rs 128.90 with a slight decline of 0.08 per cent or Rs 0.10. The intraday high of the day was Rs 132.75.
Subscription less than 100%, limited participation of investors
The IPO of Aye Finance Limited was open for subscription on 9 February. Investors could place their bets on it till 11th February. However, there was not much enthusiasm about this issue in the market. Overall this issue could be subscribed only up to 97 percent.
The share of retail investors was also filled only by 97 percent, whereas the participation of non-institutional investors was very less and their quota was subscribed only to 5 percent. Statistics show that investors’ interest in this offer was limited.
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