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Market Chatter: Morgan Stanley Weighs $500 Million New India Fund, Plans to Shift Existing Assets into New Vehicle

MT Newswires Live
Feb 13

Morgan Stanley's (MS) assets investment wing is seeking to raise $500 million for a new India fund strategy and has approached investors on the plan, Bloomberg said Friday, citing unnamed people familiar with the matter.

Additionally, the firm is looking to shift a portfolio of India assets from an existing fund into a new vehicle, according to the report.

Morgan Stanley's plans to move eight healthcare-focused investments, which includes Omega Hospitals and RG Scientific Enterprises, into a so-called continuation vehicle, the people further said, Bloomberg reported.

Morgan Stanley did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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