He raised his stake in the troubled Jaiprakash Associates to 1.98 percent during the June quarter from 1.19 percent earlier on a fully diluted basis
Big bull Rakesh Jhunjhunwala raised his stake in the troubled Jaiprakash Associatesto 1.98 percent during the June quarter from 1.19 percent earlier on a fully diluted basis, according to the latest shareholding pattern of the company posted on the BSE website. Jaiprakash stock closed 1.7 percent up at Rs 15 on the stock exchange on Wednesday.
The billionaire investor added 2 crore shares during the June quarter. He now holds 5 crore shares in the company. Jhunjhunwala buys shares through his company Rare Enterprises or in his own name or his wife Rekha’s. The Jaiprakash holding is in his own name.
Jhunjhunwala had re-entered the counter in March quarter after having sold off his entire holding in 2017.
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