Morgan Stanley buys 3.36 lakh shares in Jubilant FoodWorks
Mumbai: Foreign fund house Morgan Stanley Asia (Singapore) on Wednesday picked up 3.36 lakh shares of Jubilant FoodWorks Ltd, which operates Domino's pizza chain in India, for over Rs 37 crore.
According to data available with the stock exchanges, Morgan Stanley Asia (Singapore) Pte purchased 3,36,345 shares of Jubilant FoodWorks in the open market.
The shares were purchased at an average price of Rs 1,116.62 valuing the deal at Rs 37.55 crore, data showed.
Morgan Stanley Asia (Singapore) held 13.8 lakh shares or 2.12 percent stake in Jubilant Foodworks at the end of December quarter.
Shares of Jubilant Foodworks surged 9.25 percent to settle at Rs 1,137 apiece on the BSE.