Rakesh Jhunjhunwala, ace investor and partner in Rare Enterprises, acquired additional 3.39% stake in Geometric via open market transaction. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have acquired 2.13 million shares in the company between September 25 and October 5, 2012 through open market.
Following this acquisition, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala's stake in the company increased to 19.14% from 15.75% earlier.
Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services and Digital Technology solutions for Product Lifecycle Management (PLM) enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.