Mumbai: U.S. investment bank Goldman Sachs and Australia's Macquarie are close to buying 40 per cent in the investment arm of state-run PTC India for about Rs 120 crore ($30 million), the Economic Times said on Friday.
"We have reached an advanced stage of negotiations. But I would not like to comment on the details at this point," the company's chairman, T.N. Thakur, told the paper.
Quoting sources close the development, the paper said the deal would be signed shortly, with Goldman Sachs and Macquarie to each take a 20 per cent stake in PTC Financial Services.
Goldman Sachs spokesman Edward Naylor declined comment while a spokeswoman at Macquarie could not be reached.
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