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Goldman Sachs re-negotiates Indian JV

Jackie Horne
US investment bank set to increase stake in Kotak Mahindra Capital and Kotak Securities.

Goldman Sachs is said to be close to finalizing an agreement with the Kotak group that will give it equal status in its two Indian joint ventures. The move follows a sharp up-tick in deal volumes on the subcontinent, which has made India one of the most important investment banking markets in Asia.

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