Rakesh Jhunjhunwala Buys 2% Stake In Dewan Housing Finance
Oct 21, 2013 | 18:37 PM IST
Oct 21, 2013 | 18:37 PM IST
Celebrity investor Rakesh Jhunjhunwala bought 25 lakh shares which represents 1.94 % of total paid-up equity capital of Dewan Housing Finance Corporation. DHFL is a Mumbai-based finance company.
Mr. Jhunjhunwala bought shares at an average price of Rs. 135.32 per share on National Stock Exchange via block deal. The deal was worth Rs 33.75 crore. Jwalamukhi Investment Holdings which sold 22.75 lakh shares at Rs 133 per share. After this development the stock of the company closed at Rs 147.15 on Friday, which was up 12.98% compared to the previous close on the NSE. The stock has rallied more than 26 % in last one month.
The stocks were purchased on an average price of Rs 135.32. Shares of DHFL jumped by 13.02% to settle at Rs 147.10 per share on the BSE. The company's market valuation, at the end of today's session, stood at Rs.1,887 crore.
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