Morgan Stanley buys 1.5% stake in Sterling and Wilson for Rs 103 crore

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Morgan Stanley buys 1.5% stake in Sterling and Wilson for Rs 103 crore - Business Standard

Quick Summary:

US-based Morgan Stanley through its affiliate Morgan Stanley Asia Singapore purchased 36.44 lakh shares, amounting to a 1.56 per cent stake in Mumbai-based Sterling and Wilson Renewable Energy, as per the bulk deal data available on the NSE.

Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for Rs 103 crore through an open market transaction.

Meanwhile, Goldman Sachs, through its arm Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, sold 34.27 lakh shares or a 1.47 per cent stake in SWREL for Rs 97 crore.