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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5264)	7/25/1999 3:01:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Goldman Sachs plans to fund Net start-ups in India. (Monday, July 26, 1999) Abhijit Das in Mumbai Global investment banking and securities firm Goldman Sachs, with an investible capital of over $1 billion, is planning to invest in Indian Internet and Internet Service Provider (ISP) start-ups.. Speaking to the Business Standard a spokesperson of Goldman Sachs said, "We will be investing in India through our merchant banking outfit which will invest our own capital and our clients' capital, both of which is over a $1 billion." He added that the company was looking to take minority positions in the targeted companies with one or two positions on the board of the companies. Goldman Sachs was talking to a few companies for such investments and would also look at international listing for the target companies, he said. The investment time-frame that Goldman Sachs is typically looking at is about 5-7 years... business-standard.com

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