The Hindu Business Line : Goldman Sachs pares exposure in Infosys

GOLDMAN Sachs, the top client of Infosys Technologies, has pared its exposure in the Infosys stock while four new funds have picked up positions over one per cent in the quarter ended December 31, 2002.

The institutional holding in the company has gone up marginally by 0.69 per cent to 48.05 per cent, while equity holding of promoters and that of public has come down marginally by 0.12 per cent and 0.43 per cent respectively to 28.44 per cent and 10.73 per cent.

The latest shareholding pattern shows that Goldman Sachs India Mauritius Ltd has reduced its exposure in the company during the quarter. Goldman held nearly 7.04 lakh shares representing about 1.06 per cent of Infosys' equity in the market at the end of second quarter.

The new funds that have taken positions include Copthall Mauritius Investment Ltd (1.32 per cent), Oppenheimer Funds Inc A/c Oppenheimer Global Fund (1.21%), Abu Dhabi Investment Authority (1.07 per cent) and Salomon Smith Barney Mauritius Pvt Ltd (1.08 per cent).

Unit Trust of India has reduced its exposure during the third quarter by 0.84 per cent to 3.48 per cent and now holds 23.02 lakh-odd shares. The Government of Singapore and UBS Warburg have also reduced their exposure marginally to 1.32 per cent (1.57 per cent in previous quarter) and 1.13 per cent (1.52 per cent) respectively. Total foreign shareholding of 2.88 crore-odd shares represents 43.63 per cent of the total capital of the company, an increase of 1.66 per cent over previous quarter.

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