Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Merrill Lynch Capital Markets reduces stake in HDIL to 4%

14 May 2016Aakash Agarwal1 min read

Quick Facts

What is "Merrill Lynch Capital Markets reduces stake in HDIL to 4%" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 14 May 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: HDIL
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Housing Development and Infrastructure**

Housing Development and Infrastructure Ltd (HDIL) is one of the premier real estate development companies in India and is actively pursuing on the development of real estate and slum rehabilitation projects in Mumbai Metropolitan region. The company is engaged in the business of real estate development and construction of residential and commercial properties, infrastructure facilities and all other related activities. They are also engaged in slum rehabilitation projects in Mumbai Metropolitan region. They have also diversified into energy, hospitality and the development of SEZs.

Merill Lynch

Merrill Lynch Capital Markets reduced their holding by 2,285,828 shares or 0.54% valued at Rs. 20 Cr. With this sale their new reduced stake stands at 12,228,824 shares or 4%.

This is not the first stake sale by Merrill Lynch. In the month of February, the firm sold 0.27% or 1,164,000 shares.

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.