New Delhi, Jan 16 (PTI) Merrill Lynch today offloadedshares worth Rs 1,931 crore in telecom operator Bharti Airtel,through an open market transaction.
According to the bulk deal data available with the BSE,Merrill Lynch Markets Singapore Pte Ltd sold 3.87 croreshares, amounting to 0.97 per cent stake, in Bharti Airtel.
The shares were disposed of at an average price of Rs499.1 apiece, valuing the transaction at Rs 1,931.23 crore,the data showed.
At the end of December quarter, Merrill Lynch held 5.09crore shares of the telecom major.
The shares were bought by SRS Partners (Cayman) LLC.
Bharti Airtel stock settled for the day at Rs 496.90 onthe BSE, down 1.43 per cent from the previous close. PTI VRNMKJ.
This is unedited, unformatted feed from the Press Trust of India wire.