Merrill Lynch Capital Markets sell 0.27% stake in HDIL

Merrill Lynch Capital Markets Espana has sold 11.64 lakh shares, 0.27 per cent stake, in Housing Development & Infrastructure Ltd (HDIL) through an open market transaction.
After this transaction, Merrill Lynch Capital Markets Espana's stake in HDIL has come down to 3.57 per cent from 3.84 per cent.
According to a regulatory filing, Merrill Lynch Capital Markets Espana sold 11,64,000 shares of HDIL on February 18 in the open market. The shares are worth over Rs 7 crore at today's closing price of Rs 62.20 apiece on the BSE.
As per the shareholding pattern, Merrill Lynch Capital Markets Espana had 4.04 per cent stake in the HDIL as on December 31, 2015.

Earlier this month, HDIL reported a consolidated net profit of Rs 92.95 crore for the December quarter as against Rs 67.29 crore in the year-ago period.
Total income stood at Rs 329.09 crore in the third quarter of this fiscal from Rs 359.48 crore in the corresponding period of the previous year.

The company's sales booking increased by 14 per cent to Rs 389.19 crore during the October-December period.
HDIL's net debt declined to Rs 2,890.55 crore as on December 31, 2015, from Rs 2,970.41 crore at the end of the September quarter.
The Mumbai-based developer has completed construction of 100 million sq ft area since its inception in 1977. It has delivered more than 1.5 lakh homes. The company has 22 ongoing projects and about 46 million sq ft area under construction.