 "Mandhana Retail extends gain after Rakesh Jhunjhunwala buys shares")
The Mandhana Retail Ventures (MRVL) is locked in upper circuit for the second straight day after its listing on Wednesday, up 5% at Rs 238 on the BSE, after ace investor Rakesh Jhunjhunwala has bought nearly 13% stake in the company through off market transaction.
Till 01:11 pm; a combined 437,615 shares changed hands on the BSE and NSE. There were pending buy orders for 373,647 shares on both the exchanges so far.
“I have purchased 2.81 million equity shares of The Mandhana Retail Ventures, which is 12.74% of the total issued and paid up capital of the company on December 14, 2016 via off market acquisition,” Rakesh Jhunjhunwala said in a BSE filing.
Till 01:11 pm; a combined 437,615 shares changed hands on the BSE and NSE. There were pending buy orders for 373,647 shares on both the exchanges so far.
“I have purchased 2.81 million equity shares of The Mandhana Retail Ventures, which is 12.74% of the total issued and paid up capital of the company on December 14, 2016 via off market acquisition,” Rakesh Jhunjhunwala said in a BSE filing.
Rakesh Jhunjhunwala held nil holding in MRVL before this acquisition. LINK
The equity shares of The Mandhana Retail Ventures are listed and admitted to dealings on the exchange in the list of 'T' group securities from December 14,” BSE said in a statement.
The board of directors of Mandhana Industries on November 22, 2014, had approved the demerger of the company’s retail and trading business of the brand Being Human to MRVL.
Meanwhile, Mandhana Industries too locked in upper circuit of 20% at Rs 41.55 on the BSE. In past three trading sessions, the stock zoomed 62% from Rs 25.60 on December 12.
A combined 6.45 million shares changed hands on the counter on the BSE and NSE so far. There were pending buy orders for a combined 649,988 shares on both the exchanges.
The equity shares of The Mandhana Retail Ventures are listed and admitted to dealings on the exchange in the list of 'T' group securities from December 14,” BSE said in a statement.
The board of directors of Mandhana Industries on November 22, 2014, had approved the demerger of the company’s retail and trading business of the brand Being Human to MRVL.
Meanwhile, Mandhana Industries too locked in upper circuit of 20% at Rs 41.55 on the BSE. In past three trading sessions, the stock zoomed 62% from Rs 25.60 on December 12.
A combined 6.45 million shares changed hands on the counter on the BSE and NSE so far. There were pending buy orders for a combined 649,988 shares on both the exchanges.
