Brightstar buys another 14,000 shares of VST

NEW DELHI, MAY 14. Brightstar Investments, belonging to the Damanis, today bought another 14,000 shares of VST Industries at just under Rs. 118 per share from the open market, taking its stake in VST to well over 15.5 per cent.

Speaking to PTI, Brightstar spokesperson, Mr. John Band, said ``We have today bought 14,000 shares of VST at just under Rs. 118 per share on BSE and NSE. This takes our stake in the Hyderabad- based tobacco company to over 15.5 per cent".

And while he declined to comment on whether more such open market purchases were likely, market sources indicated this procedure could well be adopted again by Brightstar in case the VST scrip ruled under Rs. 118.

The open market purchases come even as Brightstar has hiked the offer price for taking 20 per cent additional stake in VST from Rs. 112 per share to Rs. 118.

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