Goldman Sachs Investments Mauritius, leading subsidiary of Goldman Sachs has announced that it has purchased 1.1% stake in KS Oils.

KS Oils is a leading India based FMCG edible oil company. The sources informed that Goldman Sachs Investments Mauritius has acquired 4 million shares of the company at Rs 62 per share amounting to Rs 264 million.

Earlier on Sep. 18, 2009, the subsidiary has purchased 1.6% stake, or 5.6 million shares, in the company at Rs 58.75 per share amounting to Rs 329 million.

Recently, KS Oils has entered into an alliance for Rs 4.50 billion equity infusion from three leading private equity players and promoters during the first three month period of fiscal 2010.

During the first quarter of 2010, the company has bought an additional 35,000 acres of land in Indonesia. It focuses on backward integration proposal of acquiring further oil plantations and other agri-assets across the world.