Goldman Sachs has advised on five Indian government share sales, challenging local firms in a traditionally domestic-dominated sector.
Goldman Sachs has expanded its advisory services into India’s government share sale market, a segment long controlled by local financial institutions. The Wall Street bank has acted as adviser on five state-owned asset sales, signaling its growing presence in the region.
India’s government share sale market has historically relied on domestic banks for deal execution. The move by Goldman Sachs reflects broader efforts by global investment banks to capture a larger share of India’s privatization and disinvestment programs.
No immediate market reaction was reported, though the entry of a major international player could intensify competition in the sector.