Merrill Lynch sells Reliance Energy + Jai Corp
Sunday, March 16, 2008Caught in the sub-prime web, FIIs are unwinding their positions in Shangri-La companies like Reliance Energy, Jai Corp etc. Here is what they have sold.
Merrill Lynch Cap-Espana
Reliance Energy 3.40 mn shares
Jai Corp 2.65 mn shares
Citigroup Global-Mauritius sold
Ruchi Soya 2.50 mn shares
Jet Airways 0.50 mn shares
Goldman Sachs sold
Indian Overseas Bk 18.96 mn shares
Punjab National Bk 15.26 mn shares
BSMA has sold
Sonata Software 2.10 mn shares
Dabur Pharma 1.31 mn shares
Details here.
Recent Corporate Earnings / Breaking News
- Sub-Prime Hall of Shame
- Life Insurers Market Share
- Industrial output skids to 5.3%
- Gayatri Projects secures 242 crore order
- Gitanjali Gems acquires Trinity Watch Company
- Hedging Loss Haunts L&T
- Sabah Sarawak Project to Punj Lloyd
- Ambani's Reliance Energy Hammered on the Bourse
- 30% of BSE stocks hit lower circuit
- ICICI Bank Concealed Sub-Prime Facts ?
