Financial Technologies shares up 5 pct as Merrill Lynch buys shares

Mar 07 2014, 09:11 IST
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Merrill Lynch Capital Markets Espana bought 2,35,461 shares of Financial Technologies. Reuters Merrill Lynch Capital Markets Espana bought 2,35,461 shares of Financial Technologies. Reuters
SummaryMerrill Lynch Capital Markets Espana bought 2,35,461 shares of Financial Technologies...

Shares of Financial Technologies (India)(FTIL) today rose by 5 per cent after global financial services firm Merrill Lynch picked up 2.35 lakh shares in the company.

Financial Technologies's stock surged 4.99 per cent to close the day at Rs 370 -- its upper circuit limit on the BSE.

At the NSE, the scrip was up 4.99 per cent to touch its upper band at Rs 370.45.

On the volume front, 4.17 lakh shares of the company changed hands on the BSE, while over 12 lakh shares were traded at the NSE.

Merrill Lynch Capital Markets Espana bought 2,35,461 shares of Financial Technologies (India) Ltd, as per bulk deal data available with the stock exchanges yesterday.

The Financial Technologies shares were purchased at an average price of Rs 347.76, valuing the transaction at Rs 8.18 crore. However, identity of seller (s) of the shares could not be ascertained immediately.

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