 "Spicejet soars on Rakesh Jhunjhunwala stake buy")
Shares of Spicejet zoomed 15% to Rs 20.95, extending its Friday’s 18% surge on BSE, after high networth investor Rakesh Jhunjhunwala acquired 1.4% stake in the company through open market.
According to BSE's bulk deals data Rakesh Jhunjhunwala's asset management firm Rare Enterprises has purchased 7.5 million equity shares worth an aggregate amount of Rs 13.41 crore in low cost airlines Spicejet.
The stock opened at Rs 19.30 and touched high of Rs 21.40 on BSE. Around 9.6 million shares changed hands on the counter in first half-an-hour of trading as compared to an average 10 million shares that were traded daily in past two weeks on BSE.
According to BSE's bulk deals data Rakesh Jhunjhunwala's asset management firm Rare Enterprises has purchased 7.5 million equity shares worth an aggregate amount of Rs 13.41 crore in low cost airlines Spicejet.
The stock opened at Rs 19.30 and touched high of Rs 21.40 on BSE. Around 9.6 million shares changed hands on the counter in first half-an-hour of trading as compared to an average 10 million shares that were traded daily in past two weeks on BSE.
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