MUMBAI: The market has seen some interesting purchases in media stocks recently. HDFC Mutual Fund has acquired 88,555 shares amounting to 0.53 per cent of the paid up equity share capital of Television Eighteen India Ltd.

With this acquisition made through market purchase on 13 January, HDFC Equity Fund would hold 3.94 per cent (662,565 shares) of the paid up share capital of TV18. HDFC Prudence Fund's holding will go up to 1.19 per cent (200,000 shares).

HDFC Mutual Fund's recent purchase was through its various schemes, HDFC Asset Management Company Ltd has informed the NSE.

In a separate development, senior executives of Crest Animation Studios have bought shares in the company. Crest CEO A K Madhavan and one of the designated employees of the company has acquired 5001 equity shares comprising 0.028 per cent of the paid up share capital on 17 January.

Crest chief financial officer Vinayak Purohit and one of the designated employees of the company has, jointly with their dependents, acquired 2525 equity shares comprising 0.014 per cent of the paid up share capital of the company, according to a posting in NSE.