Big Bull Rakesh Jhunjhunwala has recently reduced stake in many stocks. After Lupin, Fortis Healthcare, Mandhana Retail Ventures and The Mandhana Retail Venture and TARC, he has also reduced his stake in Multi Commodity Exchange ie MCX. Jhunjhunwala held 2.5 million shares or 4.9 percent stake in MCX till the June quarter. But Jhunjhunwala’s name is not in the list of investors of the company released on BSE. The company does not issue the names of investors holding less than one percent stake. This means that Jhunjhunwala has reduced his stake in it. According to Trendlyne data, on 30 September 2021, Jhunjhunwala’s stake in MCX was less than one percent.
Fortis Healthcare and Lupine also sold shares
Apart from MCX, Fortis Healthcare and Lupine, Jhunjhunwala has also cut stake in Mandhana Retail Ventures and TARC. He held 12.74 per cent stake (28.13 lakh shares) in Mandhana Retail Ventures in June. But at the end of September, his stake in this company was reduced to 7.39 percent (16.30 lakh shares). Jhunjhunwala has reduced his stake in this company after about eight quarters.
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Increased stake in Canara Bank and Nalco
Rakesh Jhunjhunwala has also reduced his stake in TARC. He had a 3.39 percent stake in this company in the June quarter. But in the September quarter, his stake in this company came down to 1.59 percent (46.95 lakh shares). Meanwhile, Jhunjhunwala has not changed his stake in Indian Hotels, Tata Communications, Man Infraconstruction, NCC, Orient Cement, Wockhardt, Agro Tech Food and Aptech. In the September quarter, he made a new investment in Canara Bank and Nalco. According to Trendlyne’s data, Rakesh Jhunjhunwala’s net worth is Rs 25,790.7 crore.
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