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Goldman Sachs Enters India's Government Equity Sale Market, Breaking Long-Standing Dominance of Local Financial Giants
Goldman Sachs Group is entering the Indian government's equity sale arena, a domain long exclusive to local financial giants. This marks Goldman Sachs' first underwriting of a government deal since 2022, and since a new round of divestments began in December last year, Goldman Sachs has participated as an advisor in 5 out of 10 major transactions, including the $3.3 billion sale of Life Insurance Corporation of India, which was India's largest secondary offering via stock exchanges.
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