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Edelweiss shares surge 5 percent; Jhunjhunwala raises stake

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Reuters
Last Updated : Jun 13 2014 | 10:31 AM IST

Reuters Market Eye - Shares of Edelweiss Financial Services rise 5 percent after billionaire investor Rakesh Jhunjhunwala bought a 1.3 percent stake in the company via a bulk deal on Thursday, according to exchange data.

Rakesh Jhunjhunwala, referred at times as India's Warren Buffett, bought 10 million shares at a price of 55 rupees a share in the domestic broker and investment bank, as per BSE data.

(Reporting by Abhishek Vishnoi)

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First Published: Jun 13 2014 | 10:18 AM IST

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