Future Retail gains as MSA (Singapore) acquires stake

MSA (Singapore) acquired over 26 lakh shares of Future Retail at Rs 120.18/share

Shares of Future Retail were up over 4% at Rs 131 after Morgan Stanley Asia (Singapore) PTE acquired over 26 lakh shares through a bulk deal on the National Stock Exchange.

Morgan Stanley Asia (Singapore) acquired 26,68,655 shares of Future Retail at an average price of Rs 120.18 on Monday, as per the bulk deal data on the NSE.

Meanwhile, Macquarie Bank Ltd sold 16,12,681 shares of Future Retail at an average price of Rs 118.89 on Monday.

The stock opened at Rs 128 and touched a high of Rs 132 so far on the BSE. Over 2.2 million shares were traded on both the stock exchanges so far.