We are eleven days into the second quarter of FY23 and companies have started releasing their results. They are obliged to release the name of shareholders holding a 1% or more stake in the company on a quarterly basis.
The markets were in the red for a while and the Big Bull, Rakesh Jhunjhunwala has trimmed his stake in a few companies. These include NCC Limited, Autoline Industries Limited and Indiabulls Real Estate Limited.
NCC Limited
The ace investor has been holding a 12.8% stake in NCC Limited since December 2020, however, he sold 0.4% of his stake in the company. Currently, he owns 7,83,33,266 shares that are worth ₹ 453.9 crores. The shares have lost 19.30% in the past year.
Autoline Industries Limited
Rakesh Jhunjhunwala’s stake in Autoline Industries Ltd. has fallen below 1% in the March-June quarter. He used to hold a 4.6% stake in the company, however, it grew sideways by 3.22% on a year-to-date basis.
Indiabulls Real Estate
The ace investor had a 1.1% stake in the company in January to March quarter. However, in the latest quarter, his holdings in the real estate company have fallen below 1%. Indiabulls Real Estate Ltd. has fallen by 60.80% on a year-to-date basis.
Similarly, Rekha Jhunjhunwala has also reduced her stake in NCC Limited by 0.4%. She holds 7,83,33,266 shares in the company, worth ₹ 458.2 crores. Further, her stake in Autoline Industries Ltd. has dropped below 1%.
Written By – Simran Bafna
Disclaimer
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