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Merrill Lynch Markets Singapore Pte Limited sells Bharti Airtel shares worth Rs 19.31 billion

January 17, 2018

According to the data available with the Bombay Stock Exchange, Merrill Lynch’s subsidiary Merrill Lynch Markets Singapore Pte Limited has offloaded shares worth Rs 19.31 billion in telecom operator Bharti Airtel through an open market transaction. The company sold 38.7 million shares at an average price of Rs 499.1 apiece amounting to 0.97 per cent stake in Bharti Airtel.

At the end of quarter ending December 2017, Merrill Lynch held 50.9 million shares of Airtel.

The shares were bought by SRS Partners (Cayman) LLC.

 
 

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