The sole book running lead manager for Indiabulls Power Ltd’s (IPL) initial public offer (IPO), which made a debut last month, today told the Bombay Stock Exchange (BSE) that it had picked up a chunk of shares as a market-making exercise.
In the wake of a sharp fall in the share price of the company, Morgan Stanley picked up 25,000 equity shares for over Rs 8.52 lakh of Indiabulls Power at an average price of Rs 34.09 under the green-shoe option.
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