- The purchase was done through Jhunjhunwala’s firm Rare Enterprises at Rs 71.30 per share
Mumbai: Ace investor Rakesh Jhunjhunwala has purchased 0.7 percent stake ie 1.3 crore shares, in DTH provider Dish TV.
The bulk deals data on the National Stock Exchange (NSE) website reports that Jhunjhunwala’s firm Rare Enterprises has done this purchase.
While the value of per share under this purchase is Rs 71.30 per share, the total value of the block deal amounts to Rs 92.69 crore.
Dish TV reported, last month, a consolidated net profit of Rs 118.21 crore for the quarter ended March and a year ago the company had posted a net loss of Rs 29.49 crore during the corresponding quarter.
The company’s total income for the quarter stood at Rs 1,545.11 crore, up from Rs 732.36 crore reported for the March quarter last year.
Videocon D2h merged with Dish TV on March 22. As a result, its results for the March quarter, which included those of Videocon D2h, are not comparable on a year-on-year basis.
“Financial numbers for the fourth quarter and fiscal 2018 are thus not comparable with the corresponding periods of the last year,” the company had said in a statement.