Aptech board allots warrants to acquirer

Total acquisition cost at this level works out to Rs 20.16 crore.

However, with the Aptech stock now touching Rs 91.75, the stake of Aptech Investments is now worth Rs 33 crore, making the acquirer richer by Rs 13 crore — its a notional gain — in less than a week.

In fact, the Aptech stock had shot up by 157 per cent from Rs 31.75 to the current level on the Bombay Stock Exchange (BSE).

Jhunjhunwala recently sold 3.58 lakh shares of Crisil in the open offer made by Standard & Poors (S&P). He, along with his family, held 14.26 per cent (or 9.07 lakh shares) in the rating company.

Jhunjhunwala also acquired a 13 per cent stake in the Kochi-based Geojit Financial Services company. He also acquired a stake in TV Today.

Sensex mixed

MUMBAI: A mixed trend prevailed in Indian markets and the Sensex was range bound for a better part of the trading session. Nevertheless, there was plenty of action in the side market as a host of small-cap and mid-cap stocks spurted. A further drop in global crude oil prices supported market sentiment. The 30-share BSE Sensex ended almost unchanged at 7,346.63. The Sensex hit a high of 7,385.69 in early trade, which is an all time high for the barometer index. The S&P CNX Nifty gained 3.30 points or 0.15 per cent to a lifetime closing high of 2,237.30. ENS