Radico Khaitan gains on Morgan Stanley stake buy

Morgan Stanley Asia Singaore PTE has acquired 1.46 million shares at Rs 89.66 per share

Shares of Radico Khaitan were up over 3% at Rs 93 on the Bombay Stock Exchange (BSE) after Morgan Stanley Asia Singapore PTE acquired shares in the company.

Morgan Stanley Asia Singaore PTE acquired 1.46 million shares in the company at an average traded price of Rs 89.66 per equity share, as per the bulk deal data on the BSE.

The stock opened at Rs 94 and touched a high of Rs 97. At 11:25AM, over 146,000 shares were traded on both the stock exchanges.