 "TV Today extends rally on R K Damani stake buy")
TV Today Network has surged over 9% to Rs 218, extending its previous day’s 4% gain on BSE, after Derive Investments, an investment company run by Radhakishan Damani bought a stake in the company in a block deal on Monday.
On November 24, 2014 Derive Investments bought 1.3 million shares representing 2.18% stake of TV Today Network at Rs 196 on the BSE, the bulk deal data shows.
However, Reliance Capital Ltd had sold part or 1.51 million shares of TV Today Network at Rs 196.07 on BSE.
As of September 30, 2014, Reliance Capital held 2.77 million or 4.64% stake in the company, shareholding pattern data shows.
The stock opened at Rs 220 and touched a high of Rs 221 on BSE. A combined 900,717 shares changed hands on the counter till 0930 hours on BSE and NSE.
On November 24, 2014 Derive Investments bought 1.3 million shares representing 2.18% stake of TV Today Network at Rs 196 on the BSE, the bulk deal data shows.
However, Reliance Capital Ltd had sold part or 1.51 million shares of TV Today Network at Rs 196.07 on BSE.
As of September 30, 2014, Reliance Capital held 2.77 million or 4.64% stake in the company, shareholding pattern data shows.
The stock opened at Rs 220 and touched a high of Rs 221 on BSE. A combined 900,717 shares changed hands on the counter till 0930 hours on BSE and NSE.
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