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This is an archive article published on May 9, 2011

Nilekani buy fuels Dhanlaxmi Bank stock

Shares of Dhanlaxmi Bank rose on reports that Infosys' co-founder acquired over 1% stake.

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Shares of Dhanlaxmi Bank rose more than 11 percent on reports that Infosys’ co-founder and chairman of Unique Identification Authority of India Nandan Nilekani,has acquired over 1 percent in the private sector lender,three dealers said.

At 9.30 a.m.,the Dhanlaxmi Bank stock was up 5.45 percent at Rs 123.

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