Merill Lynch buys 21.25 lakh shares of IVRCL

Merill Lynch buys 21.25 lakh shares of IVRCL Mumbai: Foreign fund house Merrill Lynch Capital Markets on Monday bought 21.25 lakh shares of infrastructure company IVRCL Ltd for Rs 15 crore through an open market transcation.

Merrill Lynch Capital Markets Espana SA SVB purchased 21,25,000 equities of IVRCL for Rs 70.83 apiece, valuing the deal to Rs 15 crore, according to bulk data available with the stock exchanges.

Last week, Merrill Lynch Capital Markets bought 16 lakh shares of IVRCL for Rs 11.83 crore.

Shares of IVRCL fell 2.61 percent to close at Rs 70.80 apiece on the BSE.

PTI