Rakesh Jhunjhunwala’s on a shopping spree

During April-May, Jhunjhunwala has increased stake in visual entertainment services firm Prime Focus; computer education company Aptech; Viceroy Hotels and IT services provider Geometric through open market transactions.
These scrips have surged from 3-39 per cent on the bourses despite subdued market. Viceroy Hotels was the biggest gainer as its scrip swelled 39 percent on the BSE, followed by Geometric (16 percent), Aptech (12 percent) and Prime Focus (3 percent).


These scrips have surged from 3-39 per cent on the bourses despite subdued market. Viceroy Hotels was the biggest gainer as its scrip swelled 39 percent on the BSE, followed by Geometric (16 percent), Aptech (12 percent) and Prime Focus (3 percent).
 
He has bought additional 10 lakh shares, or 1.6 percent stake, in Geometric for Rs 6.25 crore this month. Prior to the acquisition, he and his wife held 8.46 per cent stake in Geometric.
 
Jhunjhunwala also acquired 2.24 per cent stake in Aptech for nearly Rs 8 crore. Together, Jhunjhunwalas already held over 32 percent stake in the company. Last month, the ace investor had increased stake in Viceroy Hotels to 13.45 per cent with the acquisition of an additional 3.45 percent for Rs 2.19 crore.

Overall, Jhunjhunwala holds stake in more than two dozen listed companies including Lupin, Orchid Chemicals & Pharmaceuticals, Reliance Broadcast Network, Titan Industries and Hindustan Oil Exploration Company.