Can you tell me who was selling on the Zee Learn counter and who was actually buying on the counter last week?

There was a lot of action on the Morgan Stanley counter on Thursday. For example, Morgan Stanley sold a total of 47,69,108 shares of Zee Learn. The stock was sold at a price of Rs.18.44 per share taking the value of the entire sale deal to Rs.8.79 crore. The sale was via open market transactions on the NSE and was reported as bulk deals. Morgan Stanley has been a holder in Zee Learn for a fairly long time.

However, Morgan Stanley was not the only seller on the Zee Learn counter on Thursday. Apart from Morgan Stanley, IndusInd Client account also sold 71.33 lakh shares of Zee Learn at a slightly lower price of Rs.17.44 on the same day. Ironically, both the decisions to sell the shares came just a day after news reports of Byju’s picking up a controlling 51% stake in Zee Learn, a report that was later denied Zee Learn.

However, there were also buyers in the counter. Spring Ventures acquired a total of 50 lakh shares in the Zee Learn at a price of Rs.19.57 per share. The Byju’s news was not surprising since it has been in the midst of a string of inorganic acquisitions in the last few years. Zee Learn is a micro-cap with a market capitalization of just about Rs.574 crore. Zee Learning had reported ROE of 3.32% and trades at a P/E ratio of 37.8 on a historical return basis.