Prime Focus rose over 10% and touched the day's high of Rs47.75 on the BSE, after Rakesh Jhunjhunwala increased stake in the company.
Rakesh Jhunjhunwala yesterday hikes his stake in Prime Focus by acquiring additional shares worth Rs11 crore through open market transactions
Ace investor Rakesh Jhunjhunwala yesterday (May 15, 2012) increased his stake in visual entertainment services firm Prime Focus by acquiring additional shares worth Rs11 crore through open market transactions.
According to bulk data available with the stock exchanges, Mr Jhunjhunwala purchased 25.50 lakh shares (amounting to 1.71% stake) of Prime Focus held by Royal Bank of Scotland ( RBS) for Rs42.05 apiece, valuing the deal to Rs10.72 crore.
As of last month, Mr Jhunjhunwala and his wife Rekha Jhunjhunwala held 5.93% stake in the company, while RBS' holding in Prime Focus stood at 1.99%.
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Rakesh Jhunjhunwala yesterday hikes his stake in Prime Focus by acquiring additional shares worth Rs11 crore through open market transactions
Ace investor Rakesh Jhunjhunwala yesterday (May 15, 2012) increased his stake in visual entertainment services firm Prime Focus by acquiring additional shares worth Rs11 crore through open market transactions.
According to bulk data available with the stock exchanges, Mr Jhunjhunwala purchased 25.50 lakh shares (amounting to 1.71% stake) of Prime Focus held by Royal Bank of Scotland ( RBS) for Rs42.05 apiece, valuing the deal to Rs10.72 crore.
As of last month, Mr Jhunjhunwala and his wife Rekha Jhunjhunwala held 5.93% stake in the company, while RBS' holding in Prime Focus stood at 1.99%.
....more info