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Morgan Stanley sells 37.86 lakh shares of Gitanjali Gems

14 May 2018 Evaluate

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.

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