Jhujhunwala Portfolio: Veteran investor Rakesh Jhunjhunwala has reduced his stake in The Mandhana Retail Ventures Limited and sold 98,094 equity shares. According to the shareholding pattern of Mandhana Retail Ventures available on the BSE website, Big Bull Jhunjhunwala held 12.74 per cent stake in the company as of the end of June 2021.
After the fresh sale of shares, his 2.41 per cent stake in the company was reduced and he now holds 10.33 per cent stake in the company. Talking about the performance of the company’s shares, its shares have strengthened 30.80 percent in 2021 this year. However, the maximum part of this rally has been in the first six months of the year and after that it has been slippery.
Jhujhunwala’s remaining 10.33% stake in the company
Rakesh Jhunjhunwala, in a letter sent to the Company Secretary (CS) of Mandhana Retail Ventures Limited, informed that as on September 16, he held 23,78,871 equity shares of the company which was equivalent to a total of 10.7726 per cent stake in the company. According to the letter, Big Bull has sold 4,34,403 equity shares, which is equivalent to 1.96 per cent of the total paid-up capital of the company, till September 16 from the last dissolution. After this Big Bull sold 98094 equity shares of the company between September 17 and September 20. Now Jhunjhunwala has 22,80,777 equity shares of the company, which is 10.3284 percent of the total issue and paid-up capital. Jhunjhunwala’s stake in this company was stable at 12.74 per cent between December 2020 and June 2021, and during this time its shares rose 56 per cent, ie Big Bull earned a profit of about Rs 2 crore on its investment.
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How has Mandhana Retail Ventures fared?
Talking about the performance of Mandhana Retail Ventures in the stock market, it has given a return of 30.80 percent to the investors in this year 2021 so far. Earlier this year, on January 1, its price was Rs 11.85 per share, which increased to Rs 15.60 on BSE today. On June 15 this year, it had reached a 52-week peak of Rs 24.91. However, if we talk about the last five years, on March 17, 2017, its price on BSE was Rs 241.50 per share, that is, the capital of the investors decreased by 93.54 percent.
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