Morgan Stanley sells YES Bank shares worth Rs 121 cr
Mumbai: Foreign fund house Morgan Stanley Asia (Singapore) Pte on Wednesday 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 percent 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 percent stake in Yes Bank.
Shares of YES Bank rose 0.72 percent to settle at Rs 428.55 apiece on the BSE Wednesday.