Galleon Group LLC, the US hedge fund whose founder Raj Rajaratnam has been charged with insider trading, has exited domestic brokerage firm Edelweiss Capital by selling entire 7.02 per cent stake in the company.

Galleon Group, through its various arms, sold its entire holding in Edelweiss Cap for Rs 255.54 crore through open market transactions, the bulk deal data available on the Bombay Stock Exchange (BSE) showed.

Also Read   Related Stories News Now - 4 Indians among 20 charged - IIM-A alumni's firms flock to campus to recruit for summer - Wall St insider trading: 14 charged - Edged with colour - Galleon said to have liquidated more than 90% of investments - Prosecutors knew since 2001 about Galleon seeking data

Also Read   Related Stories News Now - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report More

As per the September quarter shareholding available on the BSE, Galleon International Master Fund held 4.42 per cent and Galleon Special Opportunities Master Fund held 2.60 per cent stake in Edelweiss Capital.

In another bulk deal, promoters of Edelweiss Capital -- Rashesh Chandrakant Shah and Venkat Ramaswamy -- bought 21.13 lakh shares, representing 2.81 per cent stake in firm, for Rs 102.52 crore, the data showed.

Switzerland-based Privatbank IHAG Zürich bought 26 lakh shares of Edelweiss Capital at Rs 485 per share, while Reliance MF has purchased 8 lakh shares worth Rs 38.80 crore.

Billionaire Raj Rajaratnam and five others, last month, were arrested by the US authorities in connection with alleged insider-trading fraud estimated to be $20 million.

Shares of Edelweiss Capital closed at Rs 485.25 on the BSE, up 0.86 per cent from its previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report

Tags : Galleon Group | Edelweiss Capital | Raj Rajaratnam | BSE | insider trading   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More