Ace investor Rakesh Jhunjhunwala today increased his stake in visual entertainment services firm Prime Focus by acquiring additional shares worth Rs 11 crore through open market transactions.
According to bulk data available with the stock exchanges, Jhunjhunwala purchased 25.50 lakh shares (amounting to 1.71% stake) of Prime Focus held by Royal Bank of Scotland (RBS) for Rs 42.05 apiece, valuing the deal to Rs 10.72 crore.
As of last month, Jhunjhunwala and his wife Rekha Jhunjhunwala held 5.93 per cent stake in the company, while RBS' holding in Prime Focus stood at 1.99 per cent.
Shares of the company rose by 2.13 per cent to close at Rs 43.10 apiece on the BSE.
Prime Focus stock price
On December 01, 2015, at 11:22 hrs Prime Focus was quoting at Rs 51.00, down Rs 0.1, or 0.2 percent. The 52-week high of the share was Rs 59.40 and the 52-week low was Rs 35.85.
The latest book value of the company is Rs 14.53 per share. At current value, the price-to-book value of the company was 3.51.
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