Merrill Lynch arm sells Airtel shares worth Rs1,931 crore - News Summed Up

Merrill Lynch arm sells Airtel shares worth Rs1,931 crore


At the end of December quarter, Merrill Lynch held 5.09 crore shares of Bharti Airtel. Photo: Pradeep Gaur/MintNew Delhi: Merrill Lynch on Tuesday offloaded shares worth Rs1,931 crore in telecom operator Bharti Airtel Ltd, through an open market transaction. According to the bulk deal data available with the BSE, Merrill Lynch Markets Singapore Pte Ltd sold 3.87 crore shares, amounting to 0.97% stake, in Bharti Airtel. At the end of December quarter, Merrill Lynch held 5.09 crore shares of the telecom major. Bharti Airtel stock settled for the day at Rs496.90 on the BSE, down 1.43% from the previous close.


Source: Mint January 16, 2018 14:15 UTC



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