Franklin Templeton Mutual Fund also holds around 2 per cent stake in the company. The stock price has risen by 21.72 per cent in one month. The company is one of the largest integrated players in the world.
Stock of the week
Crest Animation Studios, a post-production service provider for Indian and Hollywood movies, gained 20.73 per cent over the week on news that it is raising $8.7 mn through an issue of shares to US-based D E Shaw and $15.75 mn by selling 26 per cent stake in its subsidiary, Rich Crest Holdings Inc. The D E Shaw group will hold 15 per cent in the company and 26 per cent in the subsidiary. | ||||||||||||||||