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Block deal in Mercator Lines

Mumbai, Aug. 26

The shares of Mercator Lines were in the limelight on Wednesday, after a block deal of 51.75 lakh shares was reported on the BSE. The shares were bought by Albulla Investments Funds from Mavi Investment Fund Ltd at Rs 56.5 a share. Mavi Investment Fund Ltd holds 2.19 per cent stake in the company. However, no further information was given. Around 89.43 lakh shares were traded during the day. The Mercator stock touched an intra-day high of Rs 62.25 and closed 9.33 per cent higher at Rs 61.50 on the BSE. - Our Bureau

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