Morgan Stanley has sold 37,86,860 shares of scam-hit jewellery firm Gitanjali Gems through open market transactions on May 9, 2018. Shareholding of Morgan Stanley Mauritius Company and Morgan Stanley (France) has now come down to 2.06% from 5.25%.
Gitanjali Gems is engaged in the trading, manufacturing, import and export of diamond cutting and polishing, diamond studded jewelry and plain gold jewelry.