Ashish Kacholia buys additional 2.53 lakh shares of Barbeque Nation

New Delhi: Seasoned investor Ashish Kacholia has increased his stake in restaurant chain Barbeque-Nation Hospitality. It is the second time in the last seven days that he has bought shares of the company.

Kacholia has added 2.53 lakh shares of Barbeque Nation at Rs 1,163 per share, valuing the transaction at Rs 29.36 crore.



Following the update, shares of Barbeque Nation rallied 3 per cent to Rs 1208.20, before giving up some gains to trade at Rs 1201 at 10.45 am. The scrip settled at Rs 1,177.10 on Wednesday.

A week earlier, Ashish Ramesh Kacholia had bought 2,53,004 shares of Barbeque Nation in a bulk deal transaction, data published by NSE showed.

Shares were acquired by the marquee investor at an average price of Rs 1,163 per share then, thus, the entire value of the deal stood at Rs 29.42 crore.

Incorporated in 2006, Barbeque Nation Restaurants is one of the leading casual dining restaurant chains in India. It offers food offerings, ambience, and services to customers.

The company has 138 restaurants in 73 cities in India and 7 international Barbeque Nation Restaurants in 3 countries. It has diversified with the brand "Red Apple", which operates 10 Italian restaurants in Bengaluru and Chennai.