Morgan Stanley hikes stake in House of Pearl
Foreign fund, Morgan Stanley & Co International (MSCIL) has consolidated its stake in an apparel company House of Pearl fashions, to 5.04 per cent for an estimated Rs 14 crore.
By PTI |
MUMBAI: Foreign fund, Morgan Stanley & Co International (MSCIL) has consolidated its stake in an apparel company House of Pearl fashions, to 5.04 per cent for an estimated Rs 14 crore.
MSCIL account holder of Morgan Stanley Dean Witter Mauritius Co and Morgan Stanley Investment Mauritius has acquired 5 lakh shares representing 2.56 per cent stake in House of Pearl through open market transaction on August 14.
Calculated on the basis of the closing price of House of Pearl on August 14, at Rs 288.45 the acquisition would amount to Rs 13.95 crore.
Earlier, the company had over 4.83 lakh shares amounting to 2.48 per cent stake, which increased to over 9.83 lakh shares representing 5.04 per cent stake in the domestic firm after the said acquisition.
The shares of House of Pearl were trading at Rs 256, up 0.43 per cent on the BSE in afternoon trade.
MSCIL account holder of Morgan Stanley Dean Witter Mauritius Co and Morgan Stanley Investment Mauritius has acquired 5 lakh shares representing 2.56 per cent stake in House of Pearl through open market transaction on August 14.
Calculated on the basis of the closing price of House of Pearl on August 14, at Rs 288.45 the acquisition would amount to Rs 13.95 crore.
Earlier, the company had over 4.83 lakh shares amounting to 2.48 per cent stake, which increased to over 9.83 lakh shares representing 5.04 per cent stake in the domestic firm after the said acquisition.
The shares of House of Pearl were trading at Rs 256, up 0.43 per cent on the BSE in afternoon trade.
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