Morgan Stanley Asia Buys 9.4 Lakh Shares Of ACC Ltd For Over Rs 215 Crore

Morgan Stanley Asia on Friday bought 9.4 lakh shares of cement manufacturer ACC Ltd for over Rs 215 crore through an open market transaction, according to a PTI report.

According to bulk deal data available with the National Stock Exchange (NSE), Morgan Stanley Asia (Singapore) Pte purchased 9,41,557 shares of the company.

The shares were acquired at an average price of Rs 2,290 apiece, taking the transaction value to Rs 215.61 crore, added the PTI report.

Shares of ACC settled 0.43 per cent lower at Rs 2,286.50 on NSE.

It is a company with no debt. It has a market capitalisation of Rs 43,004 crore.

In a separate transaction, Societe Generale buys shares of multiplex film exhibition company PVR Ltd for Rs 60 crore through an open market transaction.

Societe Generale ODI picked up 3,23,158 shares at an average price of Rs 1,861.42 per scrip, taking the transaction value to Rs 60.15 crore, as per data available with the bourse.

PVR Ltd shares were closed 0.05 per cent lower at Rs 1,854 on NSE.

ACC Limited (ACC) is a leading player in the Indian building materials space, with a pan-India operational and marketing presence. Synonymous with cement, it has established its reputation as a pioneer organisation that has consistently set new benchmarks with its innovative research and product development. With its experience and expertise spanning over eight decades, it has actively contributed to India's progress.