Rakesh Jhunjhunwala’s Uncommon Enterprises and BofA Securities Europe SA purchased Rs 225 crore price of Zee Leisure shares on Tuesday, a day the inventory surged 40 per cent. Each the transactions happened on the Nationwide Inventory Alternate of India (NSE), the place Zee shares price Rs 5,209 crore modified arms.
The inventory touched an intra-day excessive of Rs 270.90 earlier than closing at Rs 261.70 on the NSE. Uncommon Enterprises purchased 5 million shares (0.52 per cent stake) at Rs 220 apiece, totalling Rs 110.20 crore, in keeping with the majority offers information from exchanges. BofA Securities purchased 4.87 million shares (0.51 per cent) at Rs 236 a share, totalling Rs 114.90 crore.
On the finish of June 2021 quarter, Bofa Securities held a 1.03 per cent stake in Zee. Uncommon’s title didn’t function within the public shareholders checklist, the place solely names of these holding not less than a 1 per cent stake is disclosed.
Enterprise Normal has all the time strived exhausting to offer up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on easy methods to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nonetheless, have a request.
As we battle the financial influence of the pandemic, we want your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your help by extra subscriptions may also help us practise the journalism to which we’re dedicated.
Help high quality journalism and subscribe to Enterprise Normal.