GENERAL24 Sept 2026
Goldman Sachs buys stake in small-cap stock that has surged 50% in less than two months | Stock Market News
Goldman Sachs Investments Mauritius bought 51 lakh shares of Lord's Mark Industries at ₹84 each, about ₹42.84 crore, on 18 September. Promoters sold 1.03 crore shares for roughly ₹87.39 crore, planning to reinvest most of it in the medical device unit. The small-cap stock has risen 50% in under two months, so existing shareholders should watch execution, not just headlines.
Key Statutory Highlights
- Goldman Sachs Investments Mauritius I Limited bought 51 lakh shares of Lord's Mark Industries at ₹84 per share, a deal worth about ₹42.84 crore.
- Promoters sold 1,03,56,983 shares on the BSE on 18 September and raised net proceeds of around ₹87.39 crore.
- The company said the promoter intends to reinvest the majority of the funds into expanding its medical device unit.
Actionable Advice for Taxpayers / Founders:Before acting on this news, review the company's own filings and recent results, and check with a certified expert, since the source does not confirm that the proposed reinvestment has happened yet.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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