Merill Lynch buys Financial Technologies shares for Rs 9.77 cr

Foreign fund house Merrill Lynch Capital Markets Espana today acquired 2.64 lakh shares in Jignesh Shah-led Financial Technologies for an estimated Rs 9.77 crore in an open market transaction.
This was in addition to 2.35 lakh shares purchased by the entity yesterday in the open market.
According to the bulk deal information with the stock exchanges today, Merrill Lynch bought a total of 2,64,159 scrips of Financial Technologies (India) Ltd.
Financial Technologies shares were bought at an average price of Rs 370.07 apiece, amounting the transaction to Rs 9.77 crore.
Yesterday, Merrill Lynch had picked up 2.35 lakh shares in Financial Technologies for over Rs 8 crore.

Financial Technologies and Multi Commodity Exchange of India Ltd (MCX) are under scanner of market regulator Sebi as well as other agencies for various violations.
Shares of Financial Technologies stock today surged 4.99 per cent to close the day at Rs 370 apeice -- its upper circuit limit on the BSE.