Wednesday, 03 Aug 2011 |By PTI
Press Trust of India reported that foreign fund house Morgan Stanley has sold 1.2 million shares of JSW Steel for about INR 84 crore on the bourses through open market.
According to data on the National Stock Exchange, a Mauritius based arm of Morgan Stanley offloaded 1.199 million shares since July 27 at a price of INR 701.09 per share.
As per market regulator SEBI's guideline, it is mandatory for companies to make disclosures to all transactions in a scrip where total quantity of shares bought or sold is more than 0.5% of the number of equity shares of the firm listed on the exchange.
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