Wednesday, 17 January 2018

Merrill Lynch sells its stake in Airtel

Merrill Lynch Markets Singapore Pte Ltd has sold its stake in Bharati Airtel for Rs. 1931 crore. The shares were sold at an average price of Rs. 499.1 apiece. The sale was done through an open market transaction. It owned 3.87 crore shares.


Merrill Lynch held 5.09 crore shares of the telecom major till December 2017.The shares were bought by SRS Partners (Cayman) LLC.

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