New Delhi: MIT<\/a>’s endowment fund and Old Bridge Capital<\/a> on Wednesday bought blocks of shares in Tanla Platforms<\/a> from the hedge fund and credit investment arm of the Blackstone Group, for around Rs 87.5 crore, market sources said.
he endowment fund of US’s premier research university, Massachusetts Institute of Technology<\/a> (MIT), bought 985,000 shares and Old Bridge Capital bought 685,000 shares of Tanla<\/a>, at Rs 524.03 in block deals, market sources told ET.
Tanla's shares closed up 5% at Rs555.90 on the BSE Wednesday, pushing its market cap above to Rs7562.27, or over the $1 billion mark. The stock has been hitting the upper circuit for 10 straight trading days.
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