Rakesh Jhunjhunwala's firm Rare Enterprises today picked up 15 lakh shares of HT Media for nearly Rs 11 crore through open market route.
Rare Enterprises has bought the company's scrips on an average price of Rs 71.25 apiece, valuing the transaction at Rs 10.69 crore, as per bulk deal data available with BSE.
However, the seller(s) of the shares could not be ascertained immediately
The billionaire investor owns stake in a dozen listed companies. Shares of HT Media spurted 8.01 per cent to settle at Rs 77.50 apiece on BSE today.
HT Media had reported a consolidated net profit of Rs 67.02 crore as for the third quarter ended December 31, 2013.
Consolidated net sales during the quarter under review stood at Rs 573.04 crore.