Merrill Lynch Markets Singapore has purchased 7.55 crore shares of Bank of Baroda, representing 3.27% stake at Rs 147.08 per share on September 20, 2017.
Separately, UK-based hedge fund Theleme Master Fund, which held 3.29% stake in the public sector lender as of June 30, sold its entire stake of 7.58 crore shares at Rs 147.06 apiece.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.