Goldman Sachs Buys Stakes in Axis Bank, Vedanta, RIL from Morgan Stanley

• Goldman Sachs Bank Europe SE acquired a 0.16% stake in Axis Bank for Rs 674.21 crore from Morgan Stanley Asia (Singapore).
• Goldman Sachs also bought a 0.018% stake in Reliance Industries for Rs 354.1 crore and a 0.055% stake in Vedanta for Rs 152.11 crore from Morgan Stanley.
• Axis Bank shares rallied 4.59%, Vedanta shares rose 3.11%, while Reliance Industries shares closed flat after the block deals.
• Miri Strategic Emerging Markets Fund increased its stake in Antony Waste Handling Cell by 0.72%, adding to its holdings.
• Plutus Wealth Management sold a 1.4% stake in RateGain Travel Technologies to Paisabuddy Finance for Rs 100.43 crore.

Why It Matters: Goldman Sachs acquired significant stakes in major Indian companies through block deals with Morgan Stanley.