Morgan Stanley and HDFC Invest in Nexus Select Trust Units
Friday, 9 August 2024, 12:36
Investment Overview
Morgan Stanley Asia Singapore and HDFC Flexicap Fund have emerged as key players in the recent acquisition of Nexus Select Trust units valued at more than ₹4,354 crore from Blackstone.
Transaction Highlights
- Major Investors: Morgan Stanley and HDFC
- Investment Value: Over ₹4,354 crore
- Stake Reduction: Blackstone's stake has significantly decreased
Conclusion
The acquisition by such prominent investors underscores the increasing confidence in Nexus Select Trust, suggesting its potential as a strong investment opportunity in today’s market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.