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Journalism of Courage
Foreign fund house Morgan Stanley Asia (Singapore) offloaded 38.6 lakh shares of Shree Renuka Sugars Ltd for a deal worth nearly Rs 14 crore.
Morgan Stanley Asia (Singapore) sold 38.6 lakh shares of the company for an average price of Rs 36.25 apiece,valuing the deal at about Rs 14 crore,according to bulk deal data available with stock exchanges.
At the end of the June quarter,the entity held 95.23 lakh shares or 1.42 per cent stake in Shree Renuka Sugars.
In another bulk deal,Swiss Finance Corporation (Mauritius) Ltd purchased little over 39.59 lakh shares of Shree Renuka Sugars for about Rs 14.35 crore. Each scrip was valued at Rs 36.25.
Meanwhile,in a separate bulk deal,Kotak India Focus Fund II purchased 11 lakh shares of OnMobile Global Ltd for Rs 47.72 apiece in a deal worth Rs 5.25 crore.
In another bulk deal,JM Financial Products Pvt Ltd offloaded 12 lakh scrips of Tulip Telecom Ltd for Rs 41.3 apiece,valuing the deal at Rs 4.95 crore.
On the BSE,shares of Shree Renuka Sugars rose nearly one per cent to close at Rs 36.05 while that of OnMobile Global jumped 5.89 per cent to settle at Rs 47.65.
Tulip Telecom shares went up nearly 5 per cent to end the day at Rs 46.40 apiece.
