The share price of Tejas Networks spiked 5 percent after Kedia Securities, owned by investor and trader Vijay Kishanlal Kedia, acquired a 0.81 percent stake in the company for Rs 3.7 crore through open market transactions. It bought 7,53,925 equity shares in Tejas at Rs 49.13 per share, bulk deals data available on the National Stock Exchange showed.

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