Merrill Lynch May Raise Stake in Indian Arm

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00014300-merrill-lynch-may-raise-stake-in-indian-a/

Merrill Lynch may buy about 37 percent more in its Indian affiliate from the local co-founder, in a deal valued at about 14.61 billion rupees ($316 million), the Economic Times daily reported on Tuesday.

The deal would give Merrill Lynch 77 percent of DSP Merrill Lynch, in which it now owns 40 percent, the paper said.

For this complete story, please visit Merrill Lynch May Raise Stake in Indian Arm.

Merrill Lynch May Raise Stake in Indian Arm

Unknown Author

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