Rakesh Jhunjhunwala, Lupine, Fortis Healthcare, The Mandhana Retail Ventures, MCX, TARCApart from Fortis Healthcare and Lupine, Rakesh Jhunjhunwala has reduced its stakes in Mandhana Retail Ventures and TARC

Rakesh Jhunjhunwala exited MCX, after reducing its stakes in at least four companies – Lupine, Fortis Healthcare, Mandhana Retail Ventures and TARC, according to the latest proposed shareholding data. At the end of the June quarter 2021, Rakesh Jhunjhunwala owned 25 shares or 4.9 per cent in the Multi Commodity Exchange in India. However, Rakesh Jhunjhunwala’s name did not appear in the list released by the company on BSE. Corporations do not need to report the names of shareholders who own less than one percent of the company’s stock. Similar to Lubin, Trendley’s data shows Rakesh Jonghunwala’s ownership in MCX is “less than 1%” as of September 30, 2021.

Apart from Fortis Healthcare and Lupine, Rakesh Jhunjhunwala has reduced its stakes in Mandhana Retail Ventures and TARC. The general shareholder ownership pattern showed that an Ace investor owned 7.39 percent or 16.30 thousand shares in The Mandhana Retail Ventures in the September quarter. At the end of June 30, Jhunjhunwala had acquired 12.74 percent or 28.13 thousand shares of the company, down 535 basis points. The ace investor reduced his stake in the company after at least eight quarters.

Also Read: Rakesh Jhunjhunwala To Take Stake In Fortis Healthcare Even With Shares Up Over 72% So Far This Year

At TARC, Rakesh Jhunjhunwala reduced his stake by 180 basis points, from 3.39 percent of his stake at the end of the June quarter. As per the latest filing, Jhunjhunwala owned 1.59 percent or 46.95 thousand shares of TARC as of the September quarter. Ace’s investor share remained at 3.4 percent for at least three quarters from December 2020 to June 2021.

Meanwhile, Jhunjhunwala’s holdings remained unchanged in at least eight stocks such as Indian Hotels, Tata Communications, Man Infraconstruction, NCC, Orient Cement, Wockhardt, Agro Tech Foods and Aptech. While he made new investments in Canara Bank and NALCO in the September quarter. Trendley’s data shows that Rakesh Jhunjhunwala’s wallet is now worth over Rs 25,790.7 crore.

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