 "Edelweiss Financial extends rally as Jhunjhunwala buys stake")
Edelweiss Financial Services is trading higher by 6% at Rs 63.65, extending its previous day’s 10% rally after Rakesh Jhunjhunwala bought 1.3% stake in financial services firm through an open market transaction.
The stock opened at Rs 62.40 and touched a 52-week high of Rs 64.70 on the BSE. At 0923 hours, a combined 6.14 million shares already changed hands on the counter on BSE and NSE.
On June 12, 2014, high-net worth investor Rakesh Jhunjhunwala bought 10 million equity shares representing 1.3% of total paid-up equity capital of Mumbai-based Edelweiss Financial Services.
Jhunjhunwala bough at a price of Rs 55 a piece on the Bombay Stock Exchange (BSE) through block deal, totalling Rs 55 crore.
According to bulk deal disclosures on the BSE, GPC Mauritius I LLC sold 11.82 million shares of Edelweiss Financial Services at Rs 56.35 and GPC Mauritius III LLC sold 14.44 million shares at Rs 56.34 on the BSE.
On June 5, GPC Mauritius, an FII had sold 12.5 million shares of Edelweiss, and as per the March 2014 shareholding data disclosed to the exchanges, GPC Mauritius holds about 38.9 million shares or 5.07% stake in the company.
The stock opened at Rs 62.40 and touched a 52-week high of Rs 64.70 on the BSE. At 0923 hours, a combined 6.14 million shares already changed hands on the counter on BSE and NSE.
On June 12, 2014, high-net worth investor Rakesh Jhunjhunwala bought 10 million equity shares representing 1.3% of total paid-up equity capital of Mumbai-based Edelweiss Financial Services.
Jhunjhunwala bough at a price of Rs 55 a piece on the Bombay Stock Exchange (BSE) through block deal, totalling Rs 55 crore.
According to bulk deal disclosures on the BSE, GPC Mauritius I LLC sold 11.82 million shares of Edelweiss Financial Services at Rs 56.35 and GPC Mauritius III LLC sold 14.44 million shares at Rs 56.34 on the BSE.
On June 5, GPC Mauritius, an FII had sold 12.5 million shares of Edelweiss, and as per the March 2014 shareholding data disclosed to the exchanges, GPC Mauritius holds about 38.9 million shares or 5.07% stake in the company.
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