Tata Power extends gain on stake buy by Cyrus Mistry - 20.09.2013 Tata Power Company is trading higher by 2% at Rs 84.40, extending its nearly 10% rally in past two days after the electric utilities firm said that its Chairman Cyrus Mistry has purchased over 60,000 shares of the company from open market. "Cyrus Mistry has acquired 64,000 shares (0.0027% voting right) of Tata Power for Rs 49.77 lakh," the company said in a regulatory filing to the stock exchange. Cyrus Mistry, the Chairman of Tata Group had bought these shares at an average market price of Rs 77.76 per share from NSE on Wednesday, the company said in the filing. Cyrus Mistry have nil holding before this acquisition. The stock opened at Rs 84.70 and hit a high of Rs 85 on BSE. A combined around 670,000 shares change hands on the counter till 0935 hours on BSE and NSE. ***Source: Business-standard
Posted on: Fri, 20 Sep 2013 04:59:35 +0000
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