Morgan Stanley sells 38 lakh shares of Gitanjali Gems

Investment banking firm Morgan Stanley has sold 37.86 lakh shares of the scam-hit jewellery firm Gitanjali Gems through open market transactions, according to a regulatory filing. Shareholding of Morgan Stanley Mauritius Company Ltd. and Morgan Stanley (France) has now come down to 2.06% from 5.25%.

On May 9, Morgan Stanley sold 37,86,860 shares of Gitanjali Gems.