Dewan Housing to see Jhunjhunwala impact

The stock of Dewan Housing Finance Corporation will be in the limelight as Rakesh Jhunjhunwala bought 25 lakh equity shares (or 1.94 per cent of total paid-up equity capital) of the company. According to the NSE bulk deal data, he bought the shares at Rs 135.32 a share, valuing his investments worth at Rs 33.75 crore. Jwalamukhi Investment Holdings offloaded 22.75 lakh shares at Rs 133 a share. The stock, in which Caledonia Investments, Government of Singapore and Monetary Authority of Singapore have sizeable exposure, closed on Friday with a gain of about 13 per cent at Rs 147.15 on Friday.