Ace investor Rakesh Jhunjhunwala on Friday picked up 25 lakh shares of the mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) for nearly Rs 34 crore. The shares were bought through open market route, according to information with the bourses.
The scrips were bought on an average price of Rs 135.32 valuing the transaction at Rs 33.83 crore, as per the data.
Meanwhile, Jwalamukhi Investment Holdings offloaded 22.75 lakh shares of DHFL for an estimated Rs 30.25 crore.
Shares in DHFL surged by 13.02 per cent to settle at Rs 147.10 apiece on the BSE. At the end of Friday's trade, the company's market valuation stood at Rs 1,887 crore.
In July, realty major had exited the life insurance business by selling a 74 per cent stake in its joint venture DLF Pramerica Life Insurance to Dewan Housing Finance for an undisclosed amount.
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