Saregama India rises on Reliance Capital stake buy

Reliance Capital acquired 11,88,000 equity shares of the company at RS 364 per share

Shares of Saregama India were up 2% at Rs 372 on the Bombay Stock Exchange after Reliance Capital acquired stake in the company vide two block deals on Monday.

Reliance Capital acquired 765,000 equity shares of Saregama India at Rs 364 per share, as per bulk deal data on the BSE.

Reliance Capital also acquired 423,000 equity shares of Saregama India at Rs 364 per share, as per bulk deal data on the NSE.

The stock opened at Rs 372 and touched a high of Rs 388. At 14:05pm, over 385,000 shares were traded on both the stock exchanges.