He has also quit as the chairman of DSPML. He would continue as the non exec chairman of DSP BlackRock Investment.
DSP Merril Lynch chairman Hemendra Kothari has sold his 10% stake in the company to Bank of America. In a global merger last year, Bank of America took over Merril Lynch for $50 billion. So DSP Merill Lynch in India is now controlled by Bank of America.
Hemendra Kothari sells his remaining stake in DSP Merrill Lynch to Bank of America
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