Got an offer from Morgan Stanley.

Current Company: Informatica
Exp: 4 years
CTC: 32L (25.4L base + ~10% variable + 5L RSUs this year) + Retirals
Role: SSE
Note: Salesforce acquired and layoffs may happen depending on the products.

Final Number post discussion with HR:
Company: Morgan Stanley
Role: Associate
Offered CTC: ~37L (31L Base + ~3.6L Total rewards + 3L Joining Bonus) + Retirals

HR said they made an exception and took 1 week more to get approval for 31 BASE. Previously it was only 28L base offered. Was not ready to increase base saying this is the MAX.
Although the CTC Jump is not at all good but there are few confusions:

1. Work- I have strong resume due to projects I have done here so they are trying to pull a bit. Not sure how will be the work here as I always preferred good projects over pay.
2. Acquisition- Although it's exciting as I am in cloud product development core team so things might be on positive side. But not sure about layoffs and salary restructuring timelines.
3. Move to new org with all black boxes ticked with little CTC jump?