US-based SmallCap World Fund raises stake in Delta Corp

Updated: Fri, Nov 10, 2017
01:18 pm
PTI
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US-based SmallCap World Fund has hiked its stake in real estate and hospitality firm Delta Corp by 2.79 per cent through an open market transaction for an estimated sum of Rs 210 crore.

According to a regulatory filing, SmallCap World Fund, which held 2.36 per cent stake in Delta Corp earlier, bought 74.62 lakh shares representing 2.79 per cent of equity stake.

The shares were bought on November 7 and based on the weighted average price of Rs 281.9 of the sock, the transaction is estimated to have been valued at Rs 210.37 crore.

Ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala also hold over 8 per cent stake in the company.

Shares of the company were trading 1.74 per cent lower at Rs 260.45 on the BSE.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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