Morgan Stanley buys shares worth Rs 3.74 crore in this smallcap stock via block deal
Morgan Stanley bought over 6.7 lakh shares in Niyogin Fintech at a total cost of Rs 3.74 crore via a block deal on Tuesday. The stock was purchased at a price of Rs 55.65 apiece, up 2.8% against the Monday closing price of Rs 54.14 on the BSE.
The seller in the deal was Think India Opportunities Master Fund LP which sold as many shares. The fund held 87,24,344 shares in the company as on September 30, 2024 which represented 9.17% stake.
The stock surged 15% to hit the day's high of Rs 63.60 before closing at Rs 62.20.
Niyogin Fintech has a market capitalization of Rs 591.87 crore.
The company started by building a leading 'Neobank' platform infrastructure company to serve MSMEs for their credit related requirements, financial inclusion, investments and SAAS services.
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