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Merill Lynch buys 2.1 mn shares of IVRCL via open mkt-news17042012


Foreign fund house Merrill Lynch Capital Markets yesterday (April 16, 2012), bought 2.125 million shares of infrastructure company IVRCL for Rs15 crore through an open market transcation.


Merrill Lynch Capital Markets Espana SA SVB purchased 21,25,000 equities of IVRCL for Rs70.83 apiece, valuing the deal to Rs15 crore, according to bulk data available with the stock exchanges.

Last week, Merrill Lynch Capital Markets bought 1.6 million shares of IVRCL for Rs11.83 crore.
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