Cement News tagged under: Merrill Lynch Capital Markets Esparia

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Merrill Lynch increases stake in Rain Commodities, India

16 May 2012, Published under Cement News

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%.