Merrill Lynch offloads 16 lakh shares in SpiceJet for Rs 9 cr

Merrill Lynch Capital Markets Espana today sold 16 lakh shares in domestic airline SpiceJet for Rs 9.12 crore in open market transaction.

MUMBAI: Foreign fund house Merrill Lynch Capital Markets Espana today sold 16 lakh shares in domestic airline SpiceJet for Rs 9.12 crore in open market transaction.

As per the bulk deal data available with the Bombay Stock Exchange, Merrill Lynch sold its 16 lakh shares or 0.66 per cent stake at a price of Rs 57.02 per piece, aggregating to Rs 9.12 crore.

Shares of SpiceJet today closed at Rs 55.65, down by 1.33 per cent on BSE.

In a separate deal on the National Stock Exchnage, another foreign fund house Swiss Finance Corporation (Mauritius) today sold 20.10 lakh shares or 0.64 per cent state in financial services company Indiabulls Financial Services for Rs 20.75 crore.

Swiss Finance sold these shares at a price of Rs 103.27 per piece.

Shares of Indiabulls Financial Services settled the day at Rs 98.55, down by 1.55 per cent on the BSE.
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