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Dr Subramanian Swamy explains How Participatory notes are destroying Indian Share Market

One of the key Indian politician (Sonia Gandhi) complained to P Chidambaram that instead of giving interest on our Black money Swiss banks are charging 2% service Charge. So Mr Chidambaram came with a new idea. He created a new financial derivative called "Participatory Notes". So what is participat ...

Morgan Stanley hikes stake in Aditya Birla Chemicals to over 5% for Rs 142 cr

Nov 25, 2015    

New Delhi: Foreign fund house Morgan Stanley Asia (Singapore) Pte has raised its stake in Aditya Birla Chemicals (India) to more than 5 percent by acquiring shares worth Rs 141.73 crore through an open market transaction.As per bulk deals data available with NSE, the fund house bought 6,12,584 shares, or 2.61 percent stake, in the Aditya Birla Group firm for Rs 141.73 crore. The shares were bought at an average price of Rs 231.37 apiece, the data showed.According to ABCIL's shareholding pattern as on September 30, 2015, Morgan Stanley Asia (Singapore) held 2.49 percent stake in it. With this t...

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