Rakesh Jhunjhunwala buys 5.14% in Firstsource, stock up 20%
The share price of Firstsource Solutions has jumped 20 percent as Rakesh Jhunjhunwala buys 5.14 percent in the company. ICICI Bank, Metavante Investments Mauritius are sellers of the stake. According to CNBC-TV18's sources Antique Brokers was advisor to the block deal.
July 05, 2013 / 09:36 IST
Moneycontrol Bureau
The share price of Firstsource Solutions has jumped 20 percent as Rakesh Jhunjhunwala buys 5.14 percent in the company. ICICI Bank, Metavante Investments Mauritius are sellers of the stake. As on March 2013, ICICI Bank and Metavante Investments Mauritius held 6.88 percent and 6.90 percent stake in Firstsource respectively. According to CNBC-TV18's sources Antique Brokers was advisor to the block deal. At 14:37 hrs Firstsource Solutions was quoting at Rs 11.62, up Rs 1.93, or 19.92 percent on the BSE. It has touched an intraday high of Rs 11.45 and an intraday low of Rs 9.81.
It was trading with volumes of 866,102 shares, compared to its five day average of 158,853 shares, an increase of 445.22 percent.
In the previous trading session, the share closed down 4.72 percent or Rs 0.48 at Rs 9.69.
The share touched its 52-week high Rs 14.40 and 52-week low Rs 8.62 on 25 October, 2012 and 27 July, 2012, respectively. Currently, it is trading 21.53 percent below its 52-week high and 31.09 percent above its 52-week low. Market capitalisation stands at Rs 743.17 crore. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
