New Delhi, Jun 20 (PTI) Morgan Stanley Investment Funds on Monday offloaded shares of IT company Happiest Mind Technologies Ltd for Rs 105 crore through an open market transaction.

According to the bulk deal data available with BSE, Morgan Stanley Investment Funds Emerging Leaders Equity Fund sold 13,14,055 shares, amounting to 0.9 per cent stake in the company.

Also Read | EPFO Adds 17.08 Lakh Net Subscribers in April 2022.

The shares were disposed of at an average price of Rs 800 apiece, valuing the transaction to Rs 105.12 crore.

Meanwhile, Plutus Wealth Management LLP picked up 19,39,325 shares of the company.

Also Read | Stagflation Risk Low in India Amid Slowing Growth, Says Finance Ministry.

Shares of Happiest Minds Technologies closed 0.62 per cent lower at Rs 821.65 on BSE.

As of March 2022, Morgan Stanley Investment Funds held a 1.24 per cent stake in the company, as per data available with the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)