Morgan Stanley sells 10 lakh shares of Gateway Distriparks
Yesterday, on March 16, 2018, Morgan Stanley India Invt Fund Inc has sold 10,06,787 shares of Gateway Distriparks. The share price was at Rs 201 on the NSE.
Morgan Stanley is a financial services firm providing investment banking, securities, wealth management and investment management services. The headquarter of the company is located at New York City.
On the other hand, the Gateway Distriparks Limited is a company based in Mumbai. It is a logistics facilitator with three verticals. Three verticals are Container Freight Stations, Inland Container Depots with rail movement and Cold Chain Storage & Logistics.
After the Morgan Stanley sold the shares, it was observed that Prem Kishan Gupta bought 10,00,639 shares at Rs 201.
On the NSE, Gateway Distriparks ended at Rs 191.70, down Rs 12.75, or 6.24 percent.
On Friday, it has touched a 52-week low of Rs 189.