Morgan Stanley Asia Singapore PTE has bought 12,40,000 shares of Orbit Corporation at a price of Rs 22.25 per share on June 3, 2014. On the same day, IFCI sold 8,00,000 shares of Orbit Corporation at Rs 20.68 on the NSE.
Earlier, IFCI offloaded 3.18 million shares representing 2.79% stake of realty firm for Rs 7.5 crore between May 19 and May 26. While, on May 26, 2014 IFCI sold 735,000 shares of Orbit Corporation at Rs 23.45 on the NSE, on May 23, it sold 1.09 million shares at Rs 25.25 on the NSE.
Orbit Corporation is a leading Mumbai real estate developer focused on luxury real estate development in South Mumbai.
