 "Thangamayil Jewellery soars on SBI Mutual Fund stake buy")
Thangamayil Jewellery has soared 16% to Rs 222 on the National Stock Exchange (NSE), after SBI Mutual Fund bought stake in jewellery maker through open market purchase.
On December 5, SBI Mutual Fund purchased 357,291 equity shares representing 2.6% of total equity of Thangamayil Jewellery at a price of Rs 190 per share on NSE, as per the bulk deal data.
N Ramchandran, the public shareholders, had sold 450,000 shares at price of Rs 190 per share, data shows.
As of September 30, 2014, N Ramchandran held 586,406 shares of 4.27% stake in Thangamayil Jewellery, the shareholding pattern data shows.
The stock opened at Rs 206 and hit a 52-week high of Rs 226 on NSE. Till 1457 hours, a combined 90,135 shares changed hands on the counter on NSE and BSE.
On December 5, SBI Mutual Fund purchased 357,291 equity shares representing 2.6% of total equity of Thangamayil Jewellery at a price of Rs 190 per share on NSE, as per the bulk deal data.
N Ramchandran, the public shareholders, had sold 450,000 shares at price of Rs 190 per share, data shows.
As of September 30, 2014, N Ramchandran held 586,406 shares of 4.27% stake in Thangamayil Jewellery, the shareholding pattern data shows.
The stock opened at Rs 206 and hit a 52-week high of Rs 226 on NSE. Till 1457 hours, a combined 90,135 shares changed hands on the counter on NSE and BSE.