Jubilant Pharmova, formerly Jubilant Life Sciences is in the limelight today morning, opening almost 1.5% higher at Rs.620 and going up to an intraday high at Rs.639.45.

The stock price has reacted to the news that Rakesh Radheyshyam Jhunjhunwala and his wife Rekha Rakesh Jhunjhunwala, yesterday, 20 lakh shares and 25 lakh shares at Rs.594.35 a share on the NSE via bulk deals.

Interestingly, Jhunjhunwala’s company, Rare Enterprises sold 40.25 lakh equity shares at same price. Thus the net addition stands at only 4.75 lakh shares.