Morgan Stanley buys Titagarh Rail Systems shares for Rs 85 crore

2 hours ago 1

Investment banking steadfast Morgan Stanley connected Wednesday bought shares of Titagarh Rail Systems for implicit Rs 85 crore done an unfastened marketplace transaction.

New York-headquartered Morgan Stanley, done its affiliate Morgan Stanley Asia Singapore, purchased 7,63,738 shares oregon 0.57 per cent involvement successful Kolkata-based Titagarh Rail Systems, arsenic per the bulk woody information disposable connected the NSE.

The shares were acquired astatine an mean terms of Rs 1,120 apiece, taking the transaction worth to Rs 85.54 crore.

Meanwhile, done its limb SmallCap World Fund Inc, Capital radical sold much than 7.90 lakh shares of mobility solution supplier Titagarh Rail Systems astatine an mean terms of Rs 1,120.12 apiece, arsenic per the information connected the National Stock Exchange (NSE).

This took the woody worth to Rs 88.60 crore.
On Wednesday, shares of Titagarh Rail Systems slipped 1.36 per cent to adjacent astatine Rs 1,131 per portion connected the NSE.

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