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    Rakesh Jhunjhunwala buys 27.85 lakh shares of IIFL Securities

    Synopsis

    IIFL Securities debuted on exchanges on September 20 last year after demerger. Last year, financial services firm IIFL Holdings announced demerger of its finance, wealth and capital business into three separate entities and listed them on bourses.

    Agencies
    IIFL Securities debuted on exchanges on September 20 last year after demerger.

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    Mumbai: Ace investor Rakesh Jhunjhunwala bought 27.85 lakh shares of on Thursday at an average price of Rs 42.83 per share, according to BSE bulk deal data.

    The total value of the purchase is about Rs 12 crore. The data separately showed that Satpal Khattar sold 30 lakh shares of IIFL Securities at Rs 42.74 apiece. Satpal Khattar owned 62.16 lakh shares of IIFL Securities or 1.95% stake at the end of the September quarter.

    IIFL Securities debuted on exchanges on September 20 last year after demerger.

    Last year, financial services firm announced demerger of its finance, wealth and capital business into three separate entities and listed them on bourses.

    The stock of IIFL Securities opened at Rs 41.65 on September 20 on the BSE and hit a low of Rs 19.10 on October 15 but it has risen 135% from that low. The stock closed at Rs 44.95 on the BSE on Thursday, up 4.9% from the previous close.
    ( Originally published on Jan 02, 2020 )
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