Friday, Apr 19, 2024 | Last Update : 09:11 AM IST

Business Companies 11 May 2018 Morgan Stanley sells nearly 38 lakh shares of Gitanjali Gems

Business, Companies

Morgan Stanley sells nearly 38 lakh shares of Gitanjali Gems

PTI

Published : May 11, 2018, 6:35 pm IST

Updated : May 11, 2018, 6:35 pm IST

The share price of Gitanjali Gems on Friday closed at Rs 3.84.

New Delhi: Investment firm Morgan Stanley has sold 37.86 lakh shares of scam-hit jewellery 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 per cent from 5.25 per cent. On May 9, Morgan Stanely sold 37,86,860 shares of Gitanjali Gems, the filing said.

The share price of Gitanjali Gems on Friday 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 jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems.

Tags: morgan stanley, gitanjali gems, open market, bse filing

Location: India, Delhi, New Delhi

Latest From Business

Regarding sales targets, Mehta said a strategic approach, focusing on branding and marketing for the next 3-4 months.

Amul fresh milk to debut in US, target NRIs, Asians

The government has announced a substantial subsidy of Rs 24,420 crore on Phosphatic and Potassic (P&K) fertilisers for the upcoming kharif season, ensuring the stability of retail prices for key soil nutrients such as Diammonium Phosphate (DAP).

Union Cabinet approves subsidies for fertilisers

“We expect the market to remain largely range-bound this year. We believe market is expensive trading at 20 times March 2025 price to earnings ratio, which is higher than most other emerging markets.” Gupta said. (Representational Image: Twitter)

Stock Markets to Stay Rangebound

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 8, 2024. (PTI Photo)

NDA revived economy after UPA mess: Centre

ADVERTISEMENT

MOST POPULAR

1

Clean chit for Aryan Khan in cruise drugs case

2

'Chak de phatte India', says Harnaaz Sandhu after becoming Miss Universe 2021

3

Mutation linked to remdesivir resistance found in Covid patient

4

Climate finance isn’t charity, says Union minister Bhupender Yadav at COP26 summit

5

Indian origin astronaut-led NASA's SpaceX Crew-3 team headed to ISS

ADVERTISEMENT

Editors' Picks

India's Prime Minister Narendra Modi attends a meeting during the UN Climate Change Conference COP26 in Glasgow. (AP)

Parsa Venkateshwar Rao Jr | Ambiguities remain amid India’s pledges at COP26

The protagonist in Jai Bhim is “Justice” itself and the director, Tha Se Gnanavel and the lead actor, Suriya throughout the films share with us the trials and tribulations of seeking justice. (Image: @PrimeVideoIN)

Jai Bhim: Protecting rights and providing hope in India’s democracy

Marzia Babakarkhail.

‘Afghanistan has changed, women will fight back’

Afghanistan's most popular film personalities Sahraa Karimi. (AFP Photo)

The world was silent: Afghan filmmaker Sahraa Karimi on Taliban takeover

For the kind of films, I make, it is fundamental for the artists and crew to feel as one family. That’s why we were nervous about Irrfan, says Mostofa Sarwar Farooki.

I selected Irrfan Khan because of his eyes: Mostofa Sarwar Farooki

ALSO FROMLife

A worker sanitises the fountain in the atrium of the Phoenix Market City, Kurla in Mumbai ahead of the August 5 reopening. (AA Photo: Rajesh Jadhav)

Mumbai malls to reopen but the vibe will be odd

For some 250 visually impaired people living in the Mumbai locality of Vangani, the coronavirus pandemic has added darkness an already gloomy life. (DC Picture: Rajesh Jadhav)

For Vangani's visually impaired people, lockdown spells doom

With the government easing restrictions on mobility and social gatherings, weddings have resumed in many parts of the country. Photo: Rajesh Jadhav

Weddings amid a pandemic

As India’s financial capital reels from the Covid-19 pandemic, panic-stricken people are turning to a homeopathy drug called Arsenicum Album 30 although there is no data that it works

Desperate Mumbai turns untested drug

Without fail every morning, an orderly (please don't call them ward boy) came by to change my bed clothes. (DC Photo: Rajesh Jadhav)

My life in Covid-19 quarantine

Having made Mumbai’s streets his canvas and DSLR camera his paintbrush, photographer Star Udyawar’s narration of everyday life in the maximum city is riveting. As can be seen in his various portrayals of the city like the historic Chhatrapati Shivaji Terminus (CST), Dhobi Ghat with its colourful backdrop, and the famous Sea-link. For Udyawar, perspective is key as it defines the in-depth relationship between the objects in a picture along with the dimensions that a viewer perceives.

Framing the Mundane

Copyright © 2016 - 2024 The Asian Age. Designed, Developed & Maintained By Daksham