 "Jhunjhunwala buys 2.5 million DHFL shares")
Ace investor Rakesh Jhunjhunwala on Friday picked up 2.5 million shares of the mortgage lender Dewan Housing Finance Corporation Ltd (DHFL)for nearly Rs 34 crore.
Jhunjhunwala purchased the shares of DHFL through the open market route, according to information available with the stock exchanges.
Jhunjhunwala purchased the shares of DHFL through the open market route, according to information available with the stock exchanges.
Shares of DHFL surged by 13.02% to settle at Rs 147.10 apiece on the BSE. At the end of today's trade, the company's market valuation stood at Rs 1,887 crore.
In July, realty major had exited the life insurance business by selling 74% stake in its joint venture DLF Pramerica Life Insurance to Dewan Housing Finance for an undisclosed amount.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%