Ace investor Rakesh Jhunjhunwala on Thursday picked up a 0.7 percent stake, or 1.3 crore shares, in digital-to-home providerÂ Dish TV.
The purchase was done through Jhunjhunwala's firmÂ Rare Enterprises at Rs 71.30 per share, according to bulk deals data on the National Stock Exchange (NSE) website.
Only last month, Dish TV reported a consolidated net profit of Rs 118.21 crore for the quarter ended March. The company had posted a net loss of Rs 29.49 crore during the corresponding quarter a year ago.
Its total income for the quarter stood at Rs 1,545.11 crore, up from Rs 732.36 crore reported for the March quarterÂ last year.
On March 22, Videocon D2h merged with Dish TV. As a result, its results for the March quarter, which included those ofÂ Videocon D2h, are not comparable on a year-on-year basis.
"Financial numbers for the fourth quarter and fiscal 2018 are thus not comparable with the corresponding periods of the last year," the company had said in a statement.