Edelweiss shares surge 5 pc; Jhunjhunwala raises stake

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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • If the first 17 editions of Saarc were tragedies, Kathmandu was a sham

    Rarely has a regional grouping such as the South Asian Association of Regional Cooperation (Saarc) promised so much and delivered so little.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

By the power of wind, let there be light

In India, the development of wind power began in the ...

Zehra Naqvi

Being unrealistic can be good for you

Depression is a term that most people use very casually ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture