Morgan Stanley invests Rs 26 crore in a smallcap multibagger riding on LGD wave

Morgan Stanley Asia (Singapore) has invested Rs 26.3 crore in Goldiam International as part of a Rs 202 crore QIP to fuel the expansion of its lab-grown diamond brand ORIGEM. Goldiam, which has delivered 188% returns in two years, plans to open 7090 stores in India within 1824 months to capture the fast-growing LGD retail market.