Rakesh Jhunjhunwala trims shareholding in The Mandhana Retail Ventures; Stock climbs over 8% so far today

With the recent sale, Jhujhunwala's shareholding has been reduced to 22,80,777 equity shares that are 10.3284% of the total issued and paid-up capital of the company.

Sep 21, 2021 01:09 IST India Infoline News Service

Ace investor, Rakesh Jhunjhunwala has offloaded a portion of his shareholding in The Mandhana Retail Ventures in tranches. The company's stock skyrocketed to more than 8% on Tuesday with an intraday high of Rs15.95 per piece on Sensex. Mandhana Retail maintains upside on exchanges.

Jhunjhunwala who is also called the 'Warren Buffet of India', in the latest, has sold about 98,094 equity shares of The Mandhana Retail Ventures between September 17 to September 20, 2021.

Earlier, the investor had offloaded about 4,34,403 equity shares or 1.96% in the company from his last disclosure till September 16, 2021.

With the recent sale, Jhujhunwala's shareholding has been reduced to 22,80,777 equity shares that are 10.3284% of the total issued and paid-up capital of the company.

By end of the June 2021 quarter, Jhunjhunwala's shareholding stood at a 12.74% stake in The Mandhana Retail Ventures.

At around 12.58 pm, the company's stock was trading at Rs15.30  per piece up 3.7% on Sensex. 

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