Morgan Stanley Asia (Singapore) Pte has acquired a 0.70% stake in Niyogin Fintech Ltd, purchasing 6.71 lakh shares at Rs 55.65 per share. This transaction coincided with the offloading of the same number of shares by Think India Opportunities Master Fund LP.
Following the bulk deal, Niyogin Fintech's shares surged nearly 15%, closing at Rs 62.20 in today’s trading session.
In other market movements, Westbridge Crossover Fund LLC divested 32.90 lakh shares of Aptus Value Housing Finance India Ltd at Rs 320.39 per share, with the stock closing slightly lower at Rs 310, down 0.40%.
Additionally, Vikasa India EIF I Fund-Incube Global Opportunities sold 38,000 shares, or 0.60%, of Mcon Rasayan India Ltd at Rs 157.13 per share, while the shares ended the day at Rs 146, reflecting a decline of around 4%.
Furthermore, Zeta Global Funds and Eminence Global Fund PCC sold 15 lakh shares (1.29%) and 72.22 lakh shares (6.19%), respectively, in Gujarat Toolroom Ltd at Rs 13.92 per share.
These transactions highlight a cautious stance among institutional investors in the Indian equity market.