IDFC Mutual Fund has reportedly bought 2.46 lakh shares of Tara Jewels through open market route. The shares were purchased on an average price of Rs 89 valuing the transaction to Rs 2.19 crore. On the other hand, DB International Asia has sold 3.35 lakh shares of the company for an average price of Rs 89.02 through open market route.
Tara Jewels is an integrated player in the jewellery industry with experience ranging from designing to retailing of jewellery. They have been the second highest exporter of studded jewellery from EPZ and EOU complexes in India for the year 2006-2007, 2007-2008 and 2008-2009.
