Thursday, July 25News That Matters

Abu Dhabi Investment buys Aurobindo shares worth Rs 99 cr


Abu Dhabi Investment Authority – Gulab has picked up a 0.5 % stake (worth Rs 99 crore) in Aurobindo Pharma through a block deal on the National Stock Exchange on Friday.

Abu Dhabi Investment bought 14,75,687 equity shares at Rs 670.51 per share while Morgan Stanley Asia Singapore Pte offloaded 0.6 percent stake ( out of 1.6 percent stake as of March 2014 ) in healthcare company.

Morgan Stanley sold 17,32,500 equity shares at Rs 669.92 apiece.

On Friday, Aurobindo Pharma stock closed at Rs 669.80, up 5.14 percent after hitting a record high of Rs 679.80.

Market capitalisation of the company currently stands at Rs 19,521.79 crore.

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