Rakesh Jhunjhunwala invests Rs 55 crores in Edelweiss Financial Services,
12/6/2014
In a block deal Rakesh Jhunjhunwala bought a 1.3% stake in homegrown financial services firm Edelweiss Financial Services on Thursday. Jhunjhunwala bought 1 crore shares of the firm at Rs 55 per share from GPC Mauritius, an FII which sold over 2.6 crore of Edelweiss shares at an average price of Rs 56.34 on the BSE.
Also read - Rakesh JhunJhunwala Portfolio Holdings - June 2014
According to bulk deal disclosures on the BSE, two funds managed by GPC Mauritius sold about 1.18 crore shares in one fund and another 1.44 crore shares in another. On June 5, the FII had sold 1.25 crore shares of Edelweiss, and as per the March 2014 shareholding data disclosed to the exchanges, GPC Mauritius holds about 1.85 lakh shares of the company.
In Thursday's relatively strong market,...