Goldman Sachs Group Inc was charged with fraud by the US Securities and Exchange Commission (SEC) over its marketing of a debt product tied to subprime mortgages that were designed to fail.
The lawsuit is the biggest crisis in years for Goldman, which emerged from the global financial crisis as Wall Street's most influential bank.
This law suit could mess up Indian investor’s sentiment and act as a cause for a correction. The SEC law suit could also prompt some selling in the market in stocks of companies in which Goldman Sachs has stakes. In India, Goldman mainly invests through the SEBI-registered FII route. The market was looking for a reason to correct and this could be that trigger for a profit taking.
In general scenario the stocks of companies in which Goldman Sachs holds stake, could witness heightened selling on Monday. Market estimates Goldman Sachs’ total investments in Indian stocks could be worth more than Rs 2,000 crore.
|
Goldman Sachs Holdings in India |
||||
|
Sr No |
Company Name |
As on Date |
SHPD_Holder's Name |
Stake % |
|
1 |
ABC Bearings Ltd. |
200912 |
Goldman Sachs Investments Mauritius I Ltd |
1.56 |
|
2 |
Aftek Ltd. |
200912 |
Goldman Sachs Investments (Mau |
4.11 |
|
3 |
CESC Ltd. |
200912 |
Goldman Sachs Investments Mauritius I Ltd |
3.46 |
|
4 |
Country Club (India) Ltd. |
200912 |
Goldman Sachs Investments Mauritius Ltd |
3.02 |
|
5 |
Cox & Kings (India) Ltd |
200912 |
Goldman Sachs Investment (Mauritius) Ltd |
2.27 |
|
6 |
Cox & Kings (India) Ltd |
200912 |
Goldman Sachs Investments (M) Ltd |
2.27 |
|
7 |
Hinduja Global Solutions Ltd |
200912 |
Goldman Sachs Investments Mauritius I Ltd |
2.3 |
|
8 |
ICSA (India) Ltd. |
201003 |
Goldman Sachs (Asia) Finance |
3.43 |
|
9 |
Indiabulls Securities Ltd |
200912 |
Goldman Sachs Funds Goldman Sachs Brics Portfolio |
1.08 |
|
10 |
IVRCL Infrastructures & Projects Ltd. |
201003 |
Goldman Sachs Investments (Mauritius) I Ltd |
1.5 |
|
11 |
KS Oils Ltd. |
201003 |
Goldman Sachs Investments Mauritius I Ltd |
2.35 |
|
12 |
KSL & Industries Ltd. |
200912 |
Goldman Sachs Investments Mauritius I Ltd |
1.57 |
|
13 |
Lanco Infratech Ltd. |
201003 |
Goldman Sachs Investments (Mauritius) Ltd |
1.53 |
|
14 |
Mastek Ltd. |
201003 |
Goldman Sachs Investments (Mauritius) I Ltd |
4.41 |
|
15 |
Mcleod Russel India Ltd. |
200912 |
Goldman Sachs Investments (Mauritius) I Ltd |
1.04 |
|
16 |
Mcnally Bharat Engg. Company Ltd. |
201003 |
Goldman Sachs Investments Mauritius I Ltd FCCB |
1.11 |
|
17 |
Mukand Ltd. |
200912 |
Goldman Sachs Investments Mauritius I Ltd |
1.04 |
|
18 |
New Delhi Television Ltd. |
200912 |
Goldman Sachs Investments Mauritius I Ltd |
8.14 |
|
19 |
Nucleus Software Exports Ltd. |
200912 |
Goldman Sachs Investments (Mauritius) I Ltd |
2.2 |
|
20 |
Raghav Industries Ltd. |
200912 |
Goldman Securities Ltd |
13.04 |
|
21 |
Rain Commodities Ltd. |
201003 |
Goldman Sachs Investments (Maurtius) Ltd |
1.04 |
|
22 |
REI Six Ten Retail Ltd |
200912 |
Goldman Sachs Investments Maurities I Ltd |
1.16 |
|
23 |
Rohit Ferro-Tech Ltd. |
201003 |
Goldman Sachs Investments (Mauritius) I Ltd |
2.55 |
|
24 |
Spicejet Ltd. |
200912 |
Goldman Sachs Investments (Mauritius) Ltd |
2.25 |
|
25 |
Tamil Nadu Newsprint & Papers Ltd. |
200912 |
Goldman Sachs Investments Mauritius I Ltd |
7.73 |
|
26 |
United Phosphorus Ltd. |
201003 |
Goldman Sachs Unvestments (Mauritius) Ltd |
2.55 |
|
27 |
UTV Software Communications Ltd. |
201003 |
Goldman Sache Investments Mauritius Ltd |
1.57 |
(Source : Moneycontrol)
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