Aptech rises on promoter Rakesh Jhunjhunwala hiking stake in the company

Aptech is currently trading at Rs. 75.40, up by 1.80 points or 2.45% from its previous closing of Rs. 73.60 on the BSE.

The scrip opened at Rs. 77.65 and has touched a high and low of Rs. 77.80 and Rs. 74.10 respectively. So far 2,15,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.90 on 29-Jul-2011 and a 52 week low of Rs. 64.00 on 09-May-2012.

Last one week high and low of the scrip stood at Rs. 77.80 and Rs. 64.00 respectively. The current market cap of the company is Rs. 367.00 crore.

The promoters holding in the company stood at 35.79% while Institutions and Non-Institutions held 8.40% and 55.78% respectively.

Rakesh Jhunjhunwala, one of the promoters of Aptech has purchased 2.24% stake in Aptech, a global career education and training firm, for about Rs 8 crore through an open market transaction.

Jhunjhunwala has bought 10.95 lakh shares of the company for Rs 70.44 apiece, valuing the deal to Rs 7.71 crore. Meanwhile, Royal Bank of Scotland (RBS) sold its entire 9.78 lakh shares for Rs 70.25 apiece for Rs 6.87 crore.

As of March quarter, Jhunjhunwala held 31.52 lakh shares or 6.46% stake in the company in his personal capacity, while RBS held 9.78 lakh shares or 2.01% holding in the company.