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Merrill Lynch Capital Markets buys 2.31 lakh shares of Welspun Projects

25 Aug 2014 Evaluate

Merrill Lynch Capital Markets has bought 2.31 lakh shares or 0.58% stake of Welspun Projects through the open market route. The shares were purchased on an average price of Rs 31 valuing the transaction to Rs 71.84 lakh.

Welspun Projects (WPL), formerly known as MSK Projects (India), is fully poised to leverage on the burgeoning infrastructure space. Founded in 1976, WPL is part of $3 Billion Welspun group, which is an amalgamation of expertise, resources, opportunities and engineering excellence.

Peers
Company Name CMP
Larsen & Toubro 3636.00
Kalpataru Projects 1400.95
NCC 125.45
Rail Vikas Nigam 196.75
KEC International 360.20
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