HT Media jumps 5.8 pct as Rakesh Jhunjhunwala buys 1.5 mn shares

Written by Reuters | Updated: Mar 4 2014, 00:50am hrs
Shares of HT Media Ltd rose as much as 5.8 percent after well-known private investor Rakesh Jhunjhunwala bought 1.5 million shares in the company.

Rare Enterprises, the investment arm of Rakesh Jhunjhunwala, bought 1.5 million shares in the Indian media firm on Friday, exchange data showed.

Shares in HT Media were up 4.85 percent at 81.05 rupees at 0546 GMT.