Ace investor Rakesh Jhunjhunwala today picked up 1.05 percent stake in Jet Airways for Rs 50.52 crore through an open market transaction. According to the bulk deals data available with NSE, Jhunjhunwala's RARE Enterprises acquired 11,95,000 shares or 1.05 percent stake in the private airline. The shares were bought at an average price of Rs 422.76, valuing the transaction at Rs 50.52 crore. However, the seller(s) of the shares could not be ascertained immediately. Yesterday, Jhunjhunwala picked up a substantial number of shares in the Initial Public Offering (IPO) of InterGlobe Aviation, which runs low cost airline Indigo. Last year, he had also purchased shares in another aviation company SpiceJet.
31/10/15 moneycontrol.com
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31/10/15 moneycontrol.com
