Merrill Lynch Capital Markets buys 2.31 lakh shares of Welspun Projects

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.