 "Dewan Housing Finance hits 52-week high on JP Morgan stake buy")
Dewan Housing Finance is trading 2% higher at Rs 427 on National Stock Exchange (NSE) after JP Morgan bought 900,000 shares of the company from the open market.
On November 17, JP Morgan Sec A/C Copthall Mauritius Invest Ltd acquired 9,00,000 shares of housing finance company at Rs 394, the NSE bulk deal data shows.
Caledonia Investments PLC sold 17,95,000 shares, representing 1.4% stake of Dewan Housing Finance Corporation at Rs 394.03 on the NSE.
As on September 30, 2014, Caledonia Investments PLC held 5,710,685 or 4.44% stake in the company, the shareholding pattern data shows.
The name of the other buyers have not disclosed by the company.
The stock opened at Rs 425 and touched a 52-week high of Rs 428 on NSE. A combined 214,160 shares changed hands on the counter in early morning deals on NSE and BSE.
On November 17, JP Morgan Sec A/C Copthall Mauritius Invest Ltd acquired 9,00,000 shares of housing finance company at Rs 394, the NSE bulk deal data shows.
Caledonia Investments PLC sold 17,95,000 shares, representing 1.4% stake of Dewan Housing Finance Corporation at Rs 394.03 on the NSE.
As on September 30, 2014, Caledonia Investments PLC held 5,710,685 or 4.44% stake in the company, the shareholding pattern data shows.
The name of the other buyers have not disclosed by the company.
The stock opened at Rs 425 and touched a 52-week high of Rs 428 on NSE. A combined 214,160 shares changed hands on the counter in early morning deals on NSE and BSE.