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Morgan Stanley Asia sells 52.99 lakh shares of City Union Bank

26 Feb 2016 Evaluate

Morgan Stanley Asia (Singapore) has sold 52.99 lakh shares of City Union Bank through the open market route. The shares were sold on an average price of Rs 81.40 valuing the transaction to Rs 43.14 crore. On the other hand, Ardisia has bought 49 lakh shares in the company for an average price of Rs 81.46, through open market route valuing the transaction at Rs 39.92 crore.

City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards. The Bank operates in four segments, which includes Corporate/Wholesale banking, Retail Banking, Treasury and Other Banking Operations. The Bank offers services, such as internet banking, mobile banking, including online funds transfer and fixed deposit operations.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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