38 Lakh Shares of Gitanjali Gems Sold by Morgan Stanley
On Friday, Morgan Stanley sold 37.86 lakh shares of Gitanjali Gems through open market transactions. It was observed that the shareholding of Morgan Stanley Mauritius Company Ltd and Morgan Stanley (France) has come down to 2.06 per cent from 5.25 per cent.
Morgan Stanely sold 37,86,860 shares of Gitanjali Gems on May 9 2018. By the end of the day, the share price of Gitanjali Gems closed at Rs 3.84.
CBI and the Enforcement Directorate are looking into the over Rs 13,000-crore fraud at Punjab National Bank allegedly involving jeweller Nirav Modi and his uncle Mehul Choksi, who were the promoter of Gitanjali Gems.