Markets

Morgan Stanley buys 1.8% stake in Gulf Oil

Newswire Chennai | Updated on January 12, 2018 Published on June 09, 2017

Morgan Stanley adds more Gulf Oil

Morgan Stanley Investment Funds’ Indian Equity Fund purchased 8.785 lakh shares of Gulf Oil Lubricants (India) in a bulk deal on the BSE on Fridayy at ₹810 a share. Local Government Superannuation Scheme, an Australia-based pension fund manager, was the seller. The number of shares sold represents 1.77 per cent stake of Gulf Oil Lubricants (India). As of March 31, Morgan Stanley Investment held 8.758 lakh shares, or 1.76 per cent stake, in the company. Shares of Gulf Oil Lubricants (India) on Friday ended 1.5 per cent lower at ₹808.25 on the NSE. Our bureau

Published on June 09, 2017
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