Aberdeen, Swiss Fin, Fidelity, Morgan Stanley exit SatyamPublished on Thu, Jan 08, 2009 at 11:00 | Source : CNBC-TV18 Updated at Fri, Jan 09, 2009 at 15:40
Similarly, Fidelity Investment sold 40 lakh shares at Rs 108.96 per share, Morgan Stanley sold 47.7 lakh shares at Rs 68.68 per share, while institutions sold 8.62% via bulk deal on the NSE and BSE. Aberdeen Asia CEO, told agencies, that the firm does not own any ordinary shares in Satyam. "The Satyam episode has not affected the company's view on
The biggest disappointment came from Some other big sellers were Swiss Finance which is 100% subsidiary of UBS AG, who also sold nearly 1.37 crore shares at the price of nearly Rs 80 per share. Some other prominent names that sold where Fidelity investments which sold 40 lakh shares at a price of Rs 109 per share and Morgan Stanley which sold nearly 47.5 lakh shares at Rs 68 per share. Equity institutions have sold nearly 8.5% equity yesterday in a single trading session out of the 61% that they hold. This is according to bulk deal as reported on the NSE and BSE. It is also important to mention that 20.5 crore shares changed hand today on BSE and NSE. Put together, it was 30% which was marked for delivery. One important question which everyone on the street is asking if there are so many sellers who is the buyer?
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