Morgan Stanley has sold 37.86 lakh shares of Gitanjali Gems
Investment firm Morgan Stanley has sold 37.86 lakh shares of scam-hit jewellery firm Gitanjali Gems through open market transactions...
Investment firm Morgan Stanley has sold 37.86 lakh shares of scam-hit jewelry firm Gitanjali Gems through open market transactions, according to a regulatory filing. Shareholding of Morgan Stanley Mauritius Company Ltd and Morgan Stanley (France) has come now down to 2.06 percent from 5.25 percent. On May 9, Morgan Stanely sold 37,86,860 shares of Gitanjali Gems, the filing said.
The share price of Gitanjali Gems today closed at Rs 3.84. Central investigating agencies such as the CBI and the Enforcement Directorate are looking into the over Rs 13,000-crore fraud at Punjab National Bank (PNB) allegedly involving jeweler Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems.
