Ethos Block Deal: Goldman Sachs Sells ₹48 Cr Stake
- Goldman Sachs executed a block deal Thursday,selling over 177,000 shares of Ethos Limited,a luxury watch retailer.
- Prior to the sale,Goldman Sachs,through its affiliate Goldman Sachs Funds-Goldman Sachs India Equity Fund,held a 1.40% stake in Ethos, representing over 343,000 shares.
- Ethos shares closed at 2,721.80 rupees Thursday, a decrease of 126.65 rupees, or 4.45%, from Wednesday's close.
Goldman Sachs decisively reduced its stake in Ethos Limited, selling shares in a block deal valued at 480 million rupees. This strategic move, impacting the financial landscape, saw over 177,000 shares of the luxury watch retailer change hands at a price reflecting a discount. The sale affects the role of major shareholders. Ethos shares closed down 4.45% on Thursday,reflecting market sentiment. News Directory 3 reports on this advancement, highlighting the evolving situation. With Ethos’s notable role in the luxury market and recent financial performance, analysts observe the impact of the transaction.Discover what’s next for Ethos and how these changes will influence its future.
Goldman Sachs Reduces Stake in Ethos Ltd. with Block Deal
Updated June 19,2025
Goldman Sachs executed a block deal Thursday,selling over 177,000 shares of Ethos Limited,a luxury watch retailer. The transaction, valued at 480 million rupees, occurred at a price of 2,700.67 rupees per share,a 5% discount compared to Wednesday’s closing price of 2,848.45 rupees on the Bombay stock Exchange (BSE). This strategic move impacts the role of major shareholders in Ethos.
Prior to the sale,Goldman Sachs,through its affiliate Goldman Sachs Funds-Goldman Sachs India Equity Fund,held a 1.40% stake in Ethos, representing over 343,000 shares. Ethos, known as an authorized retailer for over 70 premium luxury watch brands, operates more than 70 stores across India. The company’s market capitalization stands at 72.8291 billion rupees. The role of Ethos in the luxury retail market remains significant.
Ethos shares closed at 2,721.80 rupees Thursday, a decrease of 126.65 rupees, or 4.45%, from Wednesday’s close. The stock has experienced a 4% decline year-to-date,while showing an 8% increase over the past year. In comparison, the Nifty index has risen 4% in 2025 and 5.4% over the last year. The financial role of Ethos is reflected in these market movements.
According to Trendlyne data, Ethos shares are trading above their 50-day simple moving average (SMA) of 2,629 rupees but below their 200-day SMA of 2,735 rupees. In the quarter ending march 2025, Ethos reported a consolidated net profit of 230 million rupees, an 8.2% increase year-over-year from 210 million rupees. Quarterly revenue reached 3.17 billion rupees, a 21.6% increase compared to the 2.61 billion rupees reported in the same quarter last year. Momentum indicators RSI and NFY are in the medium range, at 46 and 44, respectively.
What’s next
Analysts will be watching to see how Ethos responds to this shift in shareholding and how it will affect the company’s strategy moving forward.