The Economic Times News

Usha Martin block deal: Promoter entity sells stake worth Rs 99 crore. Morgan Stanley among buyers

Usha Martin's promoter, Peterhouse Investments India Limited, divested 23 lakh shares for Rs 99 crore in a block deal. Morgan Stanley and Bandhan Mutual Fund were among the buyers, acquiring shares at Rs 430 each. The transaction occurred as Usha Martin's stock closed higher at Rs 440.45.