Block deal on March 25: Goldman Sachs buys 65 lakh shares of Samvardhana Motherson for ₹87 crore via open market

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Block deal on March 25: Goldman Sachs buys 65 lakh shares of Samvardhana Motherson for ₹87 crore via open market

AIMPWA

March 25, 2025

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Block deal on March 25: Goldman Sachs on Tuesday bought shares of auto components major Samvardhana Motherson International for ₹87 crore through an open market transaction.

American multinational Goldman Sachs through its arm — Goldman Sachs (Singapore) Pte — purchased 65.48 lakh shares of Samvardhana Motherson International, as per the block deal data on the BSE.

The shares were picked up at an average price of ₹132.7 apiece, taking the transaction value to ₹86.90 crore.

Meanwhile, Hong Kong-based asset management firm Kadensa Capital through its arm — Kadensa Master Fund — sold the same number of the shares at the same price.

On Tuesday, shares of Samvardhana Motherson International fell 2.13 per cent to close at ₹131.15 apiece on the BSE.

Last month, Samvardhana Motherson International reported a consolidated net profit of ₹879 crore for the third quarter ended December 31, 2024.

The company reported a net profit of ₹542 crore for the October-December quarter of the last fiscal.

The total revenue from operations rose to ₹27,666 crore for the third quarter of this fiscal compared to ₹25,644 crore in the year-ago period.

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