Morgan Stanley purchased 3.42 lakh shares at a complete value of Rs 229 crore, whereas Goldman Sachs purchased 3.24 lakh shares at a complete value of Rs 218 crore. In the meantime, Small World Fund purchased 11.75 million shares price Rs 788 crore.
Their respective buy worth per share was Rs 6,702.60.
Morgan purchased the stake via Morgan Stanley Asia Singapore Pte Ltd, whereas Goldman Sachs purchased Nuvama shares via Goldman Sachs Funds – Goldman Sachs India Fairness Portfolio.
The vendor is at block trade are Edel Finance Firm Restricted and Ecap Equities Restricted. The previous bought 0.5 million shares price Rs 335 crore, whereas the latter bought over 17.09 lakh shares for Rs 1,146 crore.
Ecap Equities held 8.44% stake within the firm through the quarter ended June 2024, whereas Edel Finance Firm held 5.18% stake. Moreover, 55.68% of Nuvama Wealth’s fairness is within the arms of promoters and promoter teams, whereas the remaining 44.32% is within the arms of public shareholders. A 6.2% stake within the firm was most likely bought in a block transaction.
From a technical perspective, the inventory is buying and selling above all vital short-term, medium-term and long-term exponential shifting averages (10, 20, 50, 100 and 200 DEMA).
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