Tejas Networks gains after Abu Dhabi Investment, Amansa Holdings buy stake

The stock was up 4% to Rs 274 on the National Stock Exchange in early morning trade.

Tejas Networks was up 4% to Rs 274 on the National Stock Exchange (NSE) in early morning trade after institutional investors bought the stake in the company via open market.

On Tuesday, June 27, 2017, Abu Dhabi Investment and Amansa Holdings Private Limited had collectively purchased 1.88 million equity shares representing 2.1% stake in Tejas Networks on first day of its listing through block deal, NSE bulk deal data shows.

Amansa Holdings Private Limited had acquired 1.35 million shares at price of Rs 260.56 per share, while Abu Dhabi Investment bought 530,000 shares at price of Rs 265.12