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US-based SmallCap World Fund raises stake in Delta Corp

Press Trust of India  |  New Delhi 

US-based SmallCap World Fund has hiked its stake in real estate and hospitality firm by 2.79 per cent through an open market for an estimated sum of Rs 210 crore.

According to a regulatory filing, SmallCap World Fund, which held 2.36 per cent stake in earlier, bought 74.62 lakh representing 2.79 per cent of equity stake.


The were bought on November 7 and based on the weighted average price of Rs 281.9 of the sock, the is estimated to have been valued at Rs 210.37 crore.

Ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala also hold over 8 per cent stake in the company.

of the company were trading 1.74 per cent lower at Rs 260.45 on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 10 2017. 13:22 IST
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