Rakesh Jhunjhunwala: Rare Enterprises (Rare Enterprises), a company of stock market veteran Rakesh Jhunjhunwala, has bought 50 lakh equity shares in Indiabulls Real Estate. In return, the company will get a 1.1 percent stake in Indiabulls. Jhunjhunwala has acquired a 1.1% equity stake through open market transactions. Indiabulls Real Estate shares rose nearly 14 per cent to close at Rs 54.95 on Thursday.
Rakesh Jhunjhunwala’s company Rare Enterprises has acquired 50 lakh equity shares in the Indiabulls Group-owned real estate firm for Rs 57.73 per share. This information has been obtained from the data available on NSE. The shares bought by Rare Enterprises were valued at Rs 28.86 crore.
These companies have also bought shares
Rakesh Jhunjhunwala recently included shares of Va Tech Wabag Ltd and Tata Motors in his portfolio. Jhunjhunwala bought 50 lakh shares of Va Tech Wabag Limited and his stake in the company is 8.04 per cent. According to the current price of Rs 184.35, the total value of these shares is Rs 92.2 crore.
Apart from this, Rakesh Jhunjhunwala recently bought a 1.29 per cent stake in auto company Tata Motors. He bought 4 crore shares of the company. With this, he has joined the major minority stakeholders in the company. According to the current share price of Rs 151.20, their total value is Rs 605 crore.
Increased stake in these companies
Rakesh Jhunjhunwala increased his stake in NCC Ltd by 0.69 per cent, Agro Tech Food by 2.87 per cent, Jubilant Life Science by 0.63 per cent and Lupine by 0.06 per cent. However, he paid 0.47 per cent in Federal Bank, 1.78 per cent in Escort, 0.28 per cent in Autoline Industries and 0.01 per cent in Titan Company.