Goldman Sachs opts out of India JV

Goldman Sachs announced yesterday (March 16) that it is dissolving its decade long partnership with the Kotak group. The announcement comes after what is believed to have been lengthy negotiations to restore some equilibrium to the partnership in which Goldman only owned 25% of an investment banking and securities joint venture.In an announcement, the US investment bank said that Kotak Mahindra Bank will pay Rs1.2 billion ($27.1 million) for its 25% stake in Kotak Securities and Rs2.1…