Rakesh Jhunjhunwala hikes its stake in Aptech

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.