Goldman board meets in Delhi

Written by Press Trust of India | New Delhi | Updated: Mar 31 2012, 06:35am hrs
After their meeting in Mumbai, board members of US-based Goldman Sachs on Friday met in the Capital, indicating the investment bank's seriousness to increase presence in the region.

The board members of Goldman Sachs, which include India-born steel tycoon Lakshmi Mittal, met UIDAI chairman Nandan Nilekani at Leela Palace Hotel here, which remained out of bound for the media.

Though no details were shared with the media, the meeting took place at a time when Goldman Sachs is facing tough times in the wake of prolonged economic and financial problems in the developed world.

The board members of America's investment banker, including chairman and CEO Lloyd Blankfein and COO Gary Cohn, had met at Mumbai on Thursday.

In Mumbai, the board members have reportedly met several industrialists and bankers, including Ratan Tata, Cyrus Mistry, Mukesh Ambani Kumar Mangalam Birla, Rahul Bajaj, Chanda Kochhar, Venugopal Dhoot, Adi Godrej, Gautam Singhania, Noel Tata and Uday Kotak. The 12-member board's India visit is being seen as an exercise in relationship building with the country, which continues to grow by 7%.

Goldman Sachs' investments in India include stakes in ReNew Wind Power and Sigma Electric Manufacturing.