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PVR is majority owned by the public with 72.5% stake, while promoters own 27.46%. The multiplex chain is one among the companies with highest foreign shareholding at 30%. Mutual funds, meanwhile, have about 20.73% stake in the company.

Morgan Stanley’s view comes in the wake of the overnight collapse of Silicon Valley Bank and its ripple effects on the entire banking system, followed by the crisis at Credit Suisse and its takeover by UBS.

The failure of two US banks has no material effect on the earnings outlook of Indian publicly traded companies, the report stressed, while observing that the SVB saga will have a positive impact on the Indian stock markets.

GQG Partners has sold about 24.7 lakh shares or 1.16% equity in the company for nearly Rs 397 crore. The deal was executed at an average weighted price of rs 1,600.85 per equity share, according to bulk deal data.

According to the block deal data available with the BSE, Berry Creek Investment sold a total of 24,39,301 shares in three tranches, amounting to 2.49 per cent stake in the firm.

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The conglomerate, hit by allegations around corporate misgovernance, said it has decided to put on hold the major equipment procurement and site construction activities for the project as the financial closure is pending with various institutions.

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On the other hand, since the release of the Hindenburg report on January 25 Adani Group stocks have lost around 52% of their combined market value. In less than two months, Adani stocks have lost around Rs 10 lakh crore of its market value.

Tracking weak global sentiments amid continuing global banking crisis, Indian indices in Monday’s trade ended lower.