The Goldman Sachs headquarters building is reflected in the windows of a neighbouring building in New York
The Goldman Sachs headquarters building is reflected in the windows of a neighbouring building in New York July 19, 2010. REUTERS

Goldman Sachs is in advanced talks to buy Indian fund manager Benchmark Asset Management Co Pvt Ltd, which manages assets worth about $667 million, the Mint said on Friday citing a source it did not name.

Goldman Sachs Asset Management (India) Pvt Ltd is likely to seal the deal at a valuation of 4-4.5 percent of the assets under management of Benchmark, a 10-year-old fund manager whose main portfolio is gold exchange-traded funds, the newspaper said.

Goldman Sachs India head Brooks Entwistle and a Benchmark official offered no comment, it said.

Reuters could not immediately reach the officials.

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