Morgan Stanley sells YES Bank shares worth Rs.121 cr

print   ·   T  T  

Foreign fund house Morgan Stanley Asia (Singapore) Pte, on Thursday, offloaded 28.55 lakh shares of YES Bank for a little over Rs.121 crore.

As per information available with stock exchanges, Morgan Stanley sold 28.55 lakh shares (amounting 0.79 per cent stake) of the company.

The shares were offloaded on an average price of Rs.425.22 in a transaction worth Rs.121.40 crore. However, the buyer of the shares could not be ascertained. At the end of December quarter, Morgan Stanley held 47.30 lakh shares or 1.32 per cent stake in YES Bank. — PTI

The Hindu presents the all-new Young World



Recent Article in BUSINESS

Ipca Lab stops API exports from Ratlam unit to U.S.

Ipca Laboratories has voluntarily stopped shipments of active pharmaceutical ingredients (API) made at its Ratlam facility to the U.S. Th... »