In what could be the first step towards a larger, perhaps strategic stake, ace-investor Rakesh Jhunjunwala owned RARE ENTERPRISES today picked up 25 lakh shares in SPICEJET at 30.77 each. Could this be a savvy trading position or is it the harbinger of a more lasting interest in the budget carrier, only time will tell.
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Monday, July 30, 2012
BREAKING NEWS; RJ ENTERS SPICEJET
In what could be the first step towards a larger, perhaps strategic stake, ace-investor Rakesh Jhunjunwala owned RARE ENTERPRISES today picked up 25 lakh shares in SPICEJET at 30.77 each. Could this be a savvy trading position or is it the harbinger of a more lasting interest in the budget carrier, only time will tell.
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