Merrill Lynch increases stake in Rain Commodities, India

Merrill Lynch increases stake in Rain Commodities, India

Hong Kong-based Merrill Lynch Capital Markets Esparia on Tuesday announced acquiring 90,000 shares of Rain Commodities, the Economic Times of India reports.

The foreign fund house currently holds 4.99% in the Hyderabad-based company and the fresh acquisition constitutes 0.03% of additional stake.

Following this, Merrill Lynch's total holding in Rain Commodities crosses the threshold limit of 5%, reaching 5.02%.