India's Sun Pharma Research up after Rekha Jhunjhunwala picks up stake

Sun Pharma Advanced Research

17/01/2023 06:24

** Shares of Sun Pharma Advanced Research  SPRC.NS  rise as
much as 3.74%, most in three weeks, to 213.85 rupees
    ** The rise comes after the company's shareholding data at
end of Q3 shows Rekha Jhunjhunwala holds 1.94% stake (over 6.29
mln shares) 
    ** Rekha Jhunjhunwala, wife of late investor Rakesh
Jhunjhunwala, is a high net worth individual (HNI) holding
stocks with a net worth of nearly 200 bln rupees ($2.45 billion)
    ** The investor had not held any stake in the company at the
end of Q2
    ** About 904,834 shares change hands, as of 11:39 a.m. IST,
2.3x the 30-day avg: Refinitiv data
($1 = 81.7700 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))