Merrill Lynch Capital Markets ESPANA S.A. SVB has reportedly bought 21.90 lakh shares or 0.52% stake of Housing Development and Infrastructure (HDIL) through the open market route. The shares were purchased on an average price of Rs 47.21 valuing the transaction to Rs 10.34 crore.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).