Morgan Stanley buys 3.36 lakh shares in Jubilant FoodWorks

Foreign fund house Morgan Stanley Asia (Singapore) today picked up 3.36 lakh shares of Jubilant FoodWorks Ltd, which operates Domino's pizza chain in India, for over Rs 37 crore.

According to data available with the stock exchanges, Morgan Stanley Asia (Singapore) Pte purchased 3,36,345 shares of Jubilant FoodWorks in the open market.

The shares were purchased at an average price of Rs 1,116.62 valuing the deal at Rs 37.55 crore, data showed. Morgan Stanley Asia (Singapore) held 13.8 lakh shares or 2.12 per cent stake in Jubilant Foodworks at the end of December quarter.

Shares of Jubilant Foodworks surged 9.25 per cent to settle at Rs 1,137 a share on Bombay Stock Exchange.