Thangamayil Jewellery Extends Gain On Derive Investments Stake Buy

Thangamayil Jewellery was up 3% to Rs 308, extending its Thursday’s 9% rally on the BSE, after Derive Investments bought nearly two percentage point stake in the company through open market.

On Thursday, July 21, Derive Investments bought 244,584 equity shares of Thangamayil Jewellery for Rs 6.80 crore. Derive Investments is an investment company of R K Damani.

Reference:
Business Standard news dated Jul 22, 2016.

Business Standard is a well-known daily primarily covering Indian business and financial news.