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Morgan Stanley buys Indiabulls Power shares for Rs 1.22 cr

Last Updated: Tuesday, November 10, 2009 - 23:25

Mumbai: Indiabulls Power today said financial
services firm Morgan Stanley India has acquired about 3.58
lakh shares in the company for Rs 1.22 crore.

In a filing to the Bombay Stock Exchange, Indiabulls Power
said Morgan Stanley India Pvt Ltd has acquired 3,58,414 shares
of the company at an average price of Rs 34.09 a piece, under
the green shoe option.

Morgan Stanley purchased these shares on National Stock
Exchange and the Bombay Stock Exchange.

Shares of Indiabulls Power today closed at Rs 34.15, down
0.29 per cent from its previous close on the BSE.

Bureau Report

First Published: Tuesday, November 10, 2009 - 23:25
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