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Last Updated : Jul 10, 2020 03:58 PM IST | Source: Moneycontrol.com

Rakesh Jhunjhunwala increases stake in Firstsource Solutions; shares jump 7%

Rakesh Jhunjhunwala bought an additional 57 lakh shares in Firstsource Solutions during the quarter ended June 30.

 
 
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Shares of Firstsource Solutions jumped 7.43 percent to close at Rs 43.40 on BSE on July 10 after ace-investor Rakesh Jhujhnwala raised his stake in the company.

As per a BSE filing by Firstsource Solutions, Jhunjhunwala bought an additional 57 lakh shares in the company during the quarter ended June 30, taking the total number of shares to 2 crore, against 1.43 crore help at the end of March 31, 2020.

Mutual funds raised their stake to 5,40,26,995 shares in the June quarter of FY21 against 5,17,59,635 shares in the March quarter of FY20.

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HDFC Small Cap Fund raised the stake to 5,39,88,491 shares in June quarter from 5,11,01,287 shares in March quarter while ICICI Bank raises stake to 3,32,77,440 share from 3,28,78,036 shares in March quarter.

Foreign Banks, on the other hand, reduced stake to 30,08,929 shares in the June quarter of FY21 against 36,03,252 shares in the March quarter of FY20.
First Published on Jul 10, 2020 10:33 am
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