Delta Corp surges over 3% as Rakesh Jhunjhunwala hikes stake

Shares of Delta Corp rose by over 3 per cent today after ace investor Rakesh Jhunjhunwala acquired almost 2.5 per cent additional stake in the company.
The stock jumped 3.43 per cent to end at Rs 116.10 on BSE. During the day, it rose by 6.19 per cent to Rs 119.20.
At NSE, shares of the company went up by 3.24 per cent to settle at Rs 116.15.
Ace investor Rakesh Jhunjhunwala has acquired almost 2.5 per cent additional stake in Delta Corp, taking his total shareholding in the company to over 10 per cent.
In a filing to the BSE, Jhunjhunwala said "between February 3, 2015 to November 17, 2016, I along with persons acting in my concert (Rekha Jhunjhunwala) have purchased 57.50 lakh shares (2.49 per cent) of Delta Corp Limited".

"This takes our total shareholding to 2.37 crore shares of Delta Corp which is 10.27 per cent of the total issued and paid up capital," he added.