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Rakesh Jhunjhunwala buys additional 2.2% stake in Aptech

An average Dunkin Donut store is likely to be around 1,200 – 1,400 square feet. The cost of setting up one store could range from Rs 60 lakh to Rs 1.2 crore depending on the location

The JPMorgan headquarters at Canary Wharf in London.
The JPMorgan headquarters at Canary Wharf in London.

Ace investor Rakesh Jhunjhunwala on Thursday bought a 2.24 per cent stake in global career education and training firm Aptech for nearly Rs 8 crore through an open market transaction.

According to the bulk data available with stock exchanges, Jhunjhunwala, one of the promoter of Aptech, purchased 10.95 lakh shares (amounting 2.24 per cent stake) 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 the March quarter, Jhunjhunwala held 31.52 lakh shares or 6.46 per cent stake in the company in his personal capacity, while RBS held 9.78 lakh shares or 2.01 per cent holding in the company.

Shares of Aptech jumped 11.6 per cent to close at Rs 73.60 apiece on the BSE, on Thursday.