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Morgan Stanley picks stake in Indiabulls Housing | ET Realty – Spectraa Real Estate Advisory

Morgan Stanley picks stake in Indiabulls Housing | ET Realty

Indiabulls Housing surges 60% in two days as Morgan Stanley picks stake

According to the bulk deal data available on NSE, Morgan Stanley Asia (Singapore) Pte. bought 45,22,602 shares of the company at the rate of Rs 184.76 per share on Friday. This puts the transaction value at Rs 83.56 crore.

Shares of Indiabulls Housing Finance have surged over 60 percent in the last two sessions following a number of bulk deals, including one in which Morgan Stanley acquired a stake in the company.

According to the bulk deal data available on NSEMorgan Stanley Asia (Singapore) Pte. bought 45,22,602 shares of the company at the rate of Rs 184.76 per share on Friday. This puts the transaction value at Rs 83.56 crore.

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