Rakesh Jhunjhunwala exits MCX, cuts stakes in 2 more firms after Lupin, Fortis Healthcare

Apart from Fortis Healthcare and Lupin, Rakesh Jhunjhunwala has lowered his stakes in The Mandhana Retail Ventures, and TARC

Rakesh Jhunjhunwala has exited MCX, after trimming his stakes in at the least 4 firms — Lupin, Fortis Healthcare, The Mandhana Retail Ventures, and TARC, the newest shareholding knowledge steered. At the tip of the June 2021 quarter, Rakesh Jhunjhunwala held 25 lakh shares or a 4.9 per cent stake in the Multi Commodity Exchange of India. However, Rakesh Jhunjhunwala’s identify didn’t seem in the checklist launched by the company on BSE. Companies don’t have to report the names of shareholders holding lower than one per cent stake in the company. Similar to Lupin, Trendlyne knowledge reveals Rakesh Jhunjhunwala’s holding in MCX as ‘below 1%’ as of 30 September 2021.

Apart from Fortis Healthcare and Lupin, Rakesh Jhunjhunwala has lowered his stakes in The Mandhana Retail Ventures, and TARC. Ace investor held a 7.39 per cent stake or 16.30 lakh shares in The Mandhana Retail Ventures in the September quarter, the shareholding sample of public shareholders confirmed. At the tip of June 30, Jhunjhunwala held 12.74 per cent or 28.13 lakh shares of the company, down 535 foundation factors (bps). The ace investor has trimmed his stake in the company after at the least eight quarters.

Also learn: Rakesh Jhunjhunwala trims stake in Fortis Healthcare whilst stock rallies over 72% up to now this year

In TARC, Rakesh Jhunjhunwala lowered his stake by 180 bps, from a 3.39 per cent stake on the finish of the June quarter. According to the newest submitting, Jhunjhunwala held a 1.59 per cent stake or 46.95 lakh shares of TARC as of the September quarter. Ace investor’s stake remained at 3.4 per cent for at the least three quarters from December 2020 to June 2021.

Meanwhile, Jhunjhunwala’s holdings remained unchanged in at the least eight shares reminiscent of Indian Hotels, Tata Communications, Man Infraconstruction, NCC, Orient Cement, Wockhardt, Agro Tech Foods, and Aptech. While he made recent investments in Canara Bank and NALCO in the September quarter. Trendlyne knowledge reveals that the Rakesh Jhunjhunwala portfolio is now price over Rs 25,790.7 crore.

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