Vakrangee rises as Merrill Lynch ups stake

MUMBAI: Shares of Vakrangee Software reacted smartly Tuesday after investment firm Merrill Lynch upped its holding to 7.72 per cent. Following this, the total FII holdings in the document and printing management solutions provider has gone up to 39.49 per cent. Other global institutions like Morgan Stanley, Goldman Sachs Investments (Mauritius) and hold more than five per cent stake each in the company. The two institutions hold 9.73 per cent and 9.51 per cent stake, respectively. At 10:14 am, the shares was at Rs 220.10, up 7.24 per cent on the BSE. Around 47,777 shares have changed hands in the counter. It has touched a high of Rs 222 and low of Rs 209 in trade so far.