| Merrill Lynch buys 5% stake in Religare |
| BS Reporter / New Delhi October 16, 2007 |
| Merrill Lynch, one of the world's leading wealth management, capital markets and advisory companies, has bought 5% stake in the Religare ahead of the company's initial public offering. The stake has been picked up by Indopark Holdings, a wholly owned subsidiary of Merrill Lynch & Co Inc. Indopark Holdings will get 37,88,050 shares (which makes up 5% of Religare |
