Edelweiss shares surge 5 pc; Jhunjhunwala raises stake

Tags: Companies
Shares of Edelweiss Financial Services rise 5 percent after billionaire investor Rakesh Jhunjhunwala bought a 1.3 percent stake in the company via a bulk deal on Thursday, according to exchange data.

Rakesh Jhunjhunwala, referred at times as India's Warren Buffett, bought 10 million shares at a price of 55 rupees a share in the domestic broker and investment bank, as per BSE data.

EDITORIAL OF THE DAY

  • Surveillance, investigation and enforcement are key to keeping the market regulations intact

    The biggest issue that flummoxes small investors is why did the securities market regulator, Securities Exchange Board of India (Sebi), take ten long

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: SRK’s ALPHABET SOUP

On Saturday, the Enforcement Directorate sent a show cause notice ...

Ananda Majumdar

<b>Ruminations:</b> WALKING ON A THIN EDGE

A social media post doing the rounds says, with some ...

Kuruvilla Pandikattu

The number of our friends

How many close friends can we have? How does our ...