Rakesh Jhunjhuwala sells 5.35% stake in The Mandhana Retail, offloads 1.8% in TARC during Q2FY22

Jhunjhunwala reduced his shareholding in a total of six stocks so far in his portfolio during the quarter ending September 2021 (Q2FY22).

Oct 20, 2021 02:10 IST India Infoline News Service

Rakesh Jhunjhunwala
Rakesh Jhunjhunwala has trimmed his stakes in a total of six stocks so far in his portfolio during the quarter ending September 2021 (Q2FY22). However, the Big Bull reduced his stakes massively in two stocks namely The Mandhana Retail Ventures and Tarc.

In Q2, Jhunjhunwala sold about a 5.35% stake in The Mandhana Retail, taking his shareholding to 7.4% or 1,630,900 equity shares. As of June 2021, the Dalal Street king's holding in the company stood 12.7%.

Meanwhile, in Tarc, Jhunjhunwala reduced his shareholding by 1.8% in the company to 1.6% or 4,695,000 equity shares. In the previous quarter, his shareholding stood at 3.4%.

At around 2.17 pm, the Mandhana Retail was trading at Rs20.25  per piece up 11.6% on Sensex. While Tarc touched the lower circuit of Rs40.30 per piece down 5%.

Other stocks in which Jhunjhunwala has reduced his shareholding during Q2 are - Rallis India, Fortis Healthcare, Aptech and Geojit Financial. 

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