Thursday, 17th February 2005 (3808 views)

Goldman Sachs and Merrill Lynch have announced they have obtained a share in Rajesh Exports for Rs 17.5 crore.

A total of seven million equity shares were available for the company.

According to reports, Merrill Lynch has bought a 1.42 per cent share in the company, Goldman Sachs has obtained a 4.28 per cent share and a third investor has bought 1.42 per cent of the paid up capital of the company.

A total of seven million equity shares were available for the company.

"We believe that having equity participation by platinum investors like Goldman Sachs and Merrill Lynch lends tremendous credibility to us in the domestic and international markets," Rajesh Exports chairman, Rajesh Mehta, said.

The Bangalore-based company is a leading exporter of gold jewellery.

 

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