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Rallis India gains on Rakesh Jhunjhunwala stake buy-news07062012


Rallis India surged over 7% and touched the monthly high of Rs133.60 on the BSE, after Rakesh Jhunjhunwala bought 952,000 shares of the company worth of around Rs12 crore.


The billionaire investor Rakesh Jhunjhunwala bought 952,000 shares of Rallis India worth of around Rs12 crore through open market transaction.

“ Rakesh Jhunjhunwala has acquired 952,000 shares representing 0.49% stake");'> stake in the company through open market purchase on June 5, 2012,”a Tata Group company said in a filing.

Total holding of Rakesh Jhunjhunwala in agrochemicals maker has increased to 8.46% from 7.97% after the acquisition, it added.
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