Morgan Stanley sells YES Bank shares worth Rs 121 crore
As per information available with stock exchanges, Morgan Stanley sold 28.55 lakh shares
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Foreign fund house Morgan Stanley Asia (Singapore) Pte today offloaded 28.55 lakh shares of private sector lender 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% 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% stake in Yes Bank.
Shares of YES Bank rose 0.72% to settle at Rs 428.55 apiece on the BSE today.
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First Published: Mar 28 2013 | 7:28 PM IST