Latest News | Morgan Stanley, Societe Generale, 2 Others Buy Awfis Space Shares for Rs 416 Crore

New Delhi, Dec 11 (PTI) Morgan Stanley, Societe Generale, Citigroup Global Mauritius, and Goldman Sachs on Wednesday bought shares of co-working space operator Awfis Space Solutions for Rs 416 crore through open market transactions.

As per data available on the NSE, Morgan Stanley, Societe Generale, Goldman Sachs, Citigroup, and other entities have collectively purchased 58.56 lakh shares, amounting to a 8.34 per cent stake in Awfis Space Solutions through separate block deals.

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Axis Mutual Fund (MF), Canara Robeco MF, Invesco MF, Nippon India MF, UTI MF, WhiteOak Capital MF, Aditya Birla Sun Life Insurance, New York State Teachers Retirement System, and Ashoka WhiteOak ICAV have also picked up shares of Awfis Space Solutions.

The shares were picked up at an average price of Rs 709.90 apiece, taking the combined transaction value to Rs 415.75 crore.

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Meanwhile, Mauritius-based Bisque and Peak XV Partners (formerly Sequoia Capital India & SEA), through its affiliate Peak XV Partners Investments V, offloaded 58.56 lakh shares of Awfis Space Solutions at the same price.

After the latest transaction, Bisque's holding in Awfis Space Solutions has come down to 9.85 per cent from 14.38 per cent.

Shares of Awfis Space Solutions surged 9.41 per cent to close at Rs 784.50 apiece on the NSE.

(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)