Morgan Stanley sells Aurobindo Pharma shares worth Rs 116 cr

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Press Trust of India Mumbai
Last Updated : May 30 2014 | 8:47 PM IST
Foreign fund house Morgan Stanley Asia Singapore today offloaded 17.32 lakh shares of Aurobindo Pharma for Rs 116 crore through an open market transaction.
In a separate transaction, Abu Dhabi Investment Authority picked up 14.75 lakh shares of the pharmaceutical firm for an estimated amount of nearly Rs 99 crore, bulk deal details with the stock exchanges showed.
Morgan Stanley Asia Singapore, which is a shareholder of Aurobindo Pharma, sold 17,32,500 shares of the drug company for about Rs 670 apiece, valuing the transaction at Rs 116 crore.
Morgan Stanley Asia Singapore held 46.16 lakh shares of Aurobindo Pharma representing 1.58 per cent stake in the company as on March 31, 2014.
Aurobindo Pharma has been included in the MSCI Global Standard Indices from today.
Shares of Aurobindo Pharma rose 4.76 per cent to end the day at Rs 667.70 apiece on the BSE.
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First Published: May 30 2014 | 8:47 PM IST

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