Cigniti Technologies shares in focus after Morgan Stanley buys stake worth Rs 26 crore via block deal

Shares of Cigniti Technologies will be in focus on Friday following Morgan Stanley’s stake purchase in the company via a block deal which was worth Rs 26 crore. The US-based financial services company bought over 1.65 lakh shares through its affiliate Morgan Stanley Asia Singapore Pte at a price of Rs 1591.46 apiece which was a discount of 9.5% over the Wednesday closing price.

Cigniti Technologies shares today ended with sharp cuts of Rs 168.40 or 10% at Rs 1,573.80.