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Rakesh Jhunjhunwala Trims 7.39% Stake in This Micro-cap Stock in Q3

By Malvika Gurung — The speciality retail chain Mandhana Retail Ventures (NS:) submitted its newest shareholding facts for the quarter ending December 2021, as for each which ace investor Rakesh Jhunjhunwala seems to have exited the inventory.

In the quarter ending September 2021, the Massive Bull held 16.3 lakh fairness shares of the organization, or a 7.39% stake, which he had been keeping considering the fact that a very long time.

Even so, in the hottest shareholding data release by the retail chain, Jhunjhunwala’s name was not outlined amid the names of crucial shareholders, which usually means that the ace investor either exited the inventory or booked profit in the inventory, now keeping a stake below 1% in the corporation.

In the earlier calendar year, the shares of Mandhana Retail Ventures have shot 50%.

Shares of the corporation ended up buying and selling 1.15% decreased at Rs 17.25 apiece at 12:05 pm on Wednesday, immediately after ending Tuesday’s session at Rs 17.5.

Jhunjunwala and his spouse Rekha Jhunjunwala decreased their shareholding in Aptech ‘s (NS:) stake also, from 23.72% in Q2 FY22 to 23.43% in Q3 FY22.

In addition, the couple has held their shareholding in the pharmaceutical company Bilcare Ltd (BO:), with Rakesh Jhunjhunwala keeping a 7.37% stake and Rekha Jhunjhunwal holding a 1.11% stake in the firm, at the conclude of December 2021.

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