Firstsource surges after Jhunjhunwala raises stake - Times of India

Jhunjhunwala picked up nearly 4 per cent stake in Firstsource Solutions for an estimated Rs 25 cr from private sector lender ICICI Bank and others. The author has posted comments on this articleReuters | Jul 5, 2013, 02.19PM IST Shares in Firstsource Solutions rise 8.2 percent, heading for a second day of gains after billionaire investor Rakesh Jhujhunwala bought a 3.8 percent stake in the company via a bulk deal on Thursday, according to exchange data. Rakesh Jhunjhunwala, referred to at Times as India's Warren Buffett, bought 25 million shares at a price of 10 rupees a share in business process outsourcing provider Firstsource, as per NSE data. Meanwhile, Kesoram Industries Ltd gains 7 percent after Rakesh's wife, Rekha Jhunjhunwa la, raised her stake in the cement and tyre maker to 6.83 percent from 3.27 percent, according to a separate NSE disclosure. Rakesh Jhunjhunwala often makes investments on behalf of his wife. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHOkbUqeWaWrOpkno2D1O9NMF-ZTw&url=http://timesofindia.indiatimes.com/business/india-business/Firstsource-surges-after-Jhunjhunwala-raises-stake/articleshow/20926469.cms

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