Merrill Lynch arm buys 30 lakh HDIL shares for about Rs 29 cr

Written by PTI | Mumbai | Updated: Aug 6 2014, 11:08am hrs
Merrill Lynch Capital Markets Espana today picked up over 30 lakh shares of real estate player Housing Development and Infrastructure Ltd (HDIL) for nearly Rs 29 crore through the open market route.

A total of 30,50,000 shares of HDIL were acquired by the Merrill Lynch Capital Market arm, bulk deal data with the stock exchanges showed.

The shares were acquired for an average price of Rs 94.73 apiece, bringing the transaction value to Rs 28.89 crore.

In a separate transaction, ATPI offloaded 32.30 lakh shares of Indiabulls Real Estate for Rs 24.97 crore. The shares were sold for an average price of Rs 77.32 apiece.

Meanwhile, Anil Ambani group company Reliance Capital sold 3.75 lakh shares of TV Today Network for more than Rs 6 crore. The shares were offloaded for Rs 163.41 apiece.

Yesterday, Reliance Capital had offloaded nearly 4.8 lakh shares of TV Today Network for more than Rs 7 crore.

HDIL shares today closed at Rs 100.05 apiece, up 8.63 per cent on the BSE.

Shares of Indiabulls Real Estate were up 3.85 per cent to settled at 80.85 apiece, while scrip of TV Today Network closed at Rs 157.75 apiece, down 3.75 per cent on the BSE.