FTIL shares up 5% as Merrill Lynch buys shares

Image
Press Trust of India Mumbai
Last Updated : Mar 06 2014 | 5:18 PM IST
Shares of Financial Technologies today rose by 5 per cent after global financial services firm Merrill Lynch picked up 2.35 lakh shares in the company.
FTIL's stock surged 4.99 per cent to close the day at Rs 370 -- its upper circuit limit on the BSE.
At the NSE, the scrip was up 4.99 per cent to touch its upper band at Rs 370.45.
On the volume front, 4.17 lakh shares of the company changed hands on the BSE, while over 12 lakh shares were traded at the NSE.
Merrill Lynch Capital Markets Espana bought 2,35,461 shares of Financial Technologies (India) Ltd, as per bulk deal data available with the stock exchanges yesterday.
The shares were purchased at an average price of Rs 347.76, valuing the transaction at Rs 8.18 crore.
However, identity of seller (s) of the shares could not be ascertained immediately.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 06 2014 | 5:18 PM IST

Next Story