The La Opala RG Ltd stock closed at Rs 311 on Thursday on the BSE, marginally down. However, some 1.2 lakh shares changed hands indicating activity. On Wednesday 89,179 shares were bought and sold by a market intermediary — Crosseas Capital Services Pvt Ltd — at Rs 321.

Promoters of glass and glassware-maker La Opala have been raising their stake in the company. From 67.47 per cent on March 31 last year, promoters’ holding has gone up to 68.04 per cent until December 31. A number of company disclosures to the BSE suggest promoters — Kolkata-located Jhunjhunwala family — increased their holding in January too. A promoter entity — Genesis Exports Ltd, which held 47.75 per cent in December last, has been leading the creeping acquisitions.

(This article was published on February 7, 2013)
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