Morgan Stanley exits from Jindal Saw

Global financial services major Morgan Stanley has exited from Jindal Saw by selling off

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almost all its stake in the pipe maker through open market operations.

Morgan Stanley sold 1,48,74,295 shares or 5.3848% stake in the company on December 23, Jindal Saw said in a BSE filing today.

Before the transaction, it had 1,48,75,387 shares or 5.3852% stake in Jindal Saw.

Following the sale, Morgan Stanley now holds 1,092 shares in Jindal Saw amounting to 0.0004% stake.

Jindal Saw's shares were trading at Rs 52.25 apiece, up 2.25% during the afternoon trade in the BSE.

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