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.

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture