Morgan Stanley Asia (Singapore) has sold more than 43 lakh shares of financial services company, Bajaj Finserv, through an open market transaction. The shares were sold at an average price of Rs 722, valuing the transactions at a combined Rs 314.42 crore.
The scrips were purchased by Valiant Mauritius Partners. Morgan Stanley Asia (Singapore) sold 35,82,795 shares of Bajaj Finserv, while Morgan Stanley Mauritius Company offloaded 7,72,078 scrips of the company. At the end of September quarter, Morgan Stanley Asia (Singapore) held 37,57,907, amounting to 2.36% shares of Bajaj Finserv.
Bajaj Finserv is engaged in life insurance; general insurance and consumer finance businesses and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.
The scrips were purchased by Valiant Mauritius Partners. Morgan Stanley Asia (Singapore) sold 35,82,795 shares of Bajaj Finserv, while Morgan Stanley Mauritius Company offloaded 7,72,078 scrips of the company. At the end of September quarter, Morgan Stanley Asia (Singapore) held 37,57,907, amounting to 2.36% shares of Bajaj Finserv.
Bajaj Finserv is engaged in life insurance; general insurance and consumer finance businesses and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.
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