Rakesh Jhunjhunwala reduces stake in Titan during March quarter


Published On: Wednesday, April 15, 2020 | By:

Rakesh Jhunjhunwala reduces stake in Titan during March quarter

Ace investor Rakesh Jhunjhunwala reduced his stake in Titan during the March quarter of FY20 by 1.03cr shares quarter-on-quarter (QoQ). According to the BSE data, Rakesh Jhunjhunwala and Rekha Jhunjhunwala together held around 4.9cr shares or roughly 5.5% stake in the company against 5.93 crores, or 6.69 per cent, shares that they held at the end of December 2019 quarter. Rakesh Jhunjhunwala held 4.67 Cr or 5.27 per cent, shares of Titan in December quarter. But in March quarter, he pared his stake to 3.93 Cr or 4.43 per cent, shares. In December quarter, her stake in Titan was 1.26 Cr shares or 1.42 per cent, but in March quarter it came down to 0.97 Cr shares or 1.10 per cent of total Shares. Shares of Titan are down by nearly 19 per cent against a 26 per cent fall in benchmark Sensex for the calendar year 2020.

Tags: Titan

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