Thursday, 14 June 2018

Dish TV shares gain over 3% after Rakesh Jhunjhunwala picks up stake worth Rs 93 cr


Direct-to-home services supplier Dish TV India share value rallied the {maximum amount} as three.5 % in morning on weekday onceace capitalist Rakesh Jhunjhunwala bought holding price Rs ninety three large integer.

He picked up a zero.7 % stake, or 1.3 large integer shares, within the digital-to-home supplier.

The purchase was done through Jhunjhunwala's firm Rare Enterprises at Rs seventy one.30 per share, in line with bulk deals information on the National exchange (NSE) web site.

The total worth of the block deal stands at Rs ninety two.69 crore.
In last month, Dish TV according a consolidated income of Rs 118.21 large integer for the quarter all over March against a loss of Rs twenty nine.49 large integer throughout the corresponding quarter a year past.

Its total financial gain for the quarter over doubled to Rs one,545.11 crore, from Rs 732.36 large integer according for the March quarter last year.

On March twenty two, Videocon D2h incorporated with Dish TV. As a result, its results for the March quarter, including those of Videocon D2h, aren't comparable on a year-on-year basis.

"Financial numbers for the fourth quarter and financial 2018 square measure therefore not comparable the corresponding periods of the last year," the corporate had aforesaid during a statement.

At 09:22 hours IST, the stock value was quoting at Rs seventy five.90, up Rs 2.50, or 3.41 % on the BSE.


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