JBF Industries surges after block deal

JBF Industries has moved higher by 13% to Rs 234 on the BSE after a nearly 4% of total equity of the company changed hands via block deal in noon deal trade.

At 01:09 pm; around 3.23 million equity shares representing 3.9% of the total equity of JBF Industries have changed hands on the BSE, the exchange data shows.

The name of the buyers and sellers were not ascertained immediately.

As of September 30, 2016, Copthall Mauritius Investment Limited held 3.22 million shares (3.94% stake) in JBF Industries, the shareholding pattern data shows.

At 01:47 pm; the stock was up 8% at Rs 225 on the BSE, as compared to 0.25% rise in the S&P BSE Sensex. A combined 3.61 million shares changed hands on the counter on the BSE and NSE so far.

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