Rekha Jhunjhunwala Increases Stake In Tata Group’s Telecom Company
Stock market veteran and late Indian billionaire investor and stock market trader Rakesh Jhunjhunwala‘s wife Rekha Jhunjhunwala has increased her stake in Tata Group’s telecom company, due to which the company’s stock is seeing a steady jump.
Rekha Jhunjhunwala bought shares of Tata Communications during the second quarter of 2022-23. Rekha Jhunjhunwala’s stake in Tata Communications, which used to be 1.1 percent till June 30 in the first quarter of the current financial year, has increased to 1.6 percent on September 30, 2022.
Rekha Jhunjhunwala holds a total of 45,75,687 shares of Tata Communications whose value is Rs 537.7 crore.
This has come to the fore from the disclosure of the company’s shareholding pattern for the quarter that ended September 30.
Let us tell you that any investor who has more than one percent holding in the listed company, company has to disclose it in the regulatory filing with the stock exchange after the end of the quarter.
Since this news has come from the market, the share of Tata Communications is seeing a boom. The stock has climbed 3 percent in the last three days and on Monday also the stock is trading at Rs 1175 with a jump of about 1 percent. In the same year, on January 17, 2022, the stock also traded at an upper level of Rs 1591, then on June 15, 2022, the stock rolled down to the level of Rs 856.
But it is believed that after increasing the stake of Rekha Jhunjhunwala, there has been a jump of 37 percent in the stock from the lower levels.
Rekha Jhunjhunwala has a total of 19 shares in her portfolio with a total value of Rs 10,414 crore. There has been no change in her holding in Rekha Jhunjhunwala’s portfolio shares NCC Limited during the second quarter.
His stake remains intact at 12.6 percent. In the remaining 17 companies, he increased or decreased the stake or remains as it is, this figure is yet to be revealed.
If we look at the stocks of Rekha Jhunjhunwala’s portfolio, then it includes Tata Communications, NCC Limited, Agrotech Foods, Autoline Industries, Crisil, Federal Bank, Indian Hotels, Titan, Bilcare, Star Health, Metro Broads, VIP Industries, Delta Corp. Rekha Jhunjhunwala is the wife of Rakesh Jhunjhunwala, a veteran investor in the Indian stock market. Rakesh Jhunjhunwala died on 14 August this year.
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