New Delhi, May 17 (PTI) Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday offloaded 3.86 lakh shares of private lender HDFC Bank for around rs 51 crore through open market transaction.

According to block deal data available with BSE, Merrill Lynch sold 3,86,658 shares at an average price of Rs 1,306.15 apiece, taking the transaction size to Rs 50.50 crore.

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BlackRock Global Funds India Fund picked up the same amount of shares at the same price.

HDFC Bank shares closed 0.69 per cent higher at Rs 1,314.05 on BSE.

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In a separate transaction, PMK Holdings Pvt Ltd sold nearly 4 lakh shares worth Rs 14.30 crore of technology company Cigniti Technologies Ltd via open market transaction.

According to bulk deal data available with National Stock Exchange (NSE), PMK Holdings sold 3,99,184 shares of Cigniti Technologies at an average price of Rs 358.36 per piece, valuing the transaction at Rs 14.30 crore.

Mithun Chand Chennamaneni bought 1.45 lakh shares of the IT firm at Rs 345.59 per share.

Cigniti Technologies shares closed 8.68 per cent lower at Rs 382 on NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)