BOR: Goldman in a soup !! Will Indian investment bear the brunt?

The SEC’s law suit filed against Goldman Sachs for securities-related fraud 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. According to data collated the top holdings for Goldman Sachs Invest Mauritius are LIC Housing Finance, Lanco Infra, CESC, United Phosphorus and many others listed below. 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	2.30
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	1.50
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	2.20
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

Data supported by Aceequity database