Business Line 20 September 2012
Mumbai: Ace investor Rakesh Jhunjhunwala today purchased a 4.5 per cent stake in Godrej group firm Geometric Ltd from a foreign fund of Credit Suisse for about Rs 30 crore.
With today’s purchase of 28.26 lakh shares, the cumulative holding of Rakesh and his wife Rekha Jhunjhunwala has risen to 14.55 per cent.
The shares of the company today surged by 7.5 per cent to close at Rs 116.25.
The shares were purchased by Rakesh Jhunjhunwala in a bulk deal at the BSE at a price of Rs 106 a piece and accounted for a 4.5 per cent stake in the company.
As on June 30, 2012, Rakesh Jhunjhunwala had 8.47 per cent holding in Geometric Ltd as the single biggest non-promoter shareholder, while 1.58 per cent stake was held by Rekha Jhunjhunwala.