Merrill Lynch has sold over 50 lakh equity shares or 3.23% stake in Ansal Properties and Infrastructure through open market for about Rs 9 crore. Following the stake sale, Merrill Lynch’s stake in Ansal has come down to 2.95% from 6.18%. As on December 2013, Merrill Lynch Capital Markets Espana had 6.62% stake in Ansal Properties.
Recently, Nomura Singapore has reportedly bought 49.90 lakh shares or 1.63% stake of Ansal Properties and Infrastructure through open market route.
Ansal Properties & Infrastructure’s business activities include property development for commercial, housing, retail, hospitality, IT SEZ, IT parks and industrial parks.
