Morgan Stanley Asia picks up stake in Shasun Pharma

Morgan Stanley Asia has picked up 4 lakh shares in Chenna-based Shasun Pharmaceuticals Ltd, for a total trade price of Rs 5.9 crore.

According to the bulk deal data of National Stock Exchange, Morgan Stanley Asia has bought 4,02,545 equity shares in the company for Rs 146.86 per equity share.

The company has of late announced a joint venture into veterinary products business and acquisition of rights to develop and sell an extended release of ibuprofen along with a brand.