Goldman Sachs, domestic MFs pick up 3.94% in GNG Electronics for ₹175 cr

Goldman Sachs, MCP Emerging Markets, Mirae, ITI, Edelweiss, Trust and Motilal Oswal absorbed a 4.49 mn share block in refurbished-electronics retailer GNG Electronics at ₹390 apiece. Promoter Vidhi Khandelwal trimmed her holding to 11.79% from 15.73% to meet SEBI's minimum public shareholding norm.

— Source publishedThu, 11 Jun, 2026, 22:11 IST·First seen Thu, 11 Jun, 2026, 22:27 IST·Source Business Standard · Companies

What happened

Goldman Sachs, MCP and domestic mutual funds bought a 3.94% stake in refurbished electronics retailer GNG Electronics (Electronics Bazaar parent) for ₹175 crore

Key facts

  • ₹175 crore
  • 44,87,203 shares
  • 3.94% stake
  • ₹390 avg price
  • ₹418.60 close
  • promoter holding 11.79% from 15.73%
  • promoter group 74.77% from 78.71%

Why this matters

With promoter stake now at 74.77% and a fresh institutional cap table, GNG gains currency for QIP-led expansion or strategic M&A in the fragmented refurbished-device retail space.