Ashish Kacholia It has added nine companies to its portfolio during the July to September 2021 quarter. These 9 companies include TARC – a real estate company, which is a Rakesh Jhunjhunwala Portfolio Stock too. In the recently ended September 2021 quarter, Ashish Kacholia bought a 1.50 per cent stake in the realty company.
TARC. in Ashish Kacholia Holding
As per the shareholding pattern of this real estate company for the recently ended September 2021 quarter, Ashish Kacholia holds 44,25,000 shares, which is 1.50 per cent of the total paid-up capital of the company. Ashish Kacholia’s name was not present in the list of individual shareholders in the company’s shareholding pattern for the June 2021 quarter. This means that the veteran investor has bought these shares during the second quarter of FY22, but it is not known whether he bought these shares on time or in part.
TARC. Holding in Rakesh Jhunjhunwala
As mentioned above, Rakesh Jhunjhunwala also has a stake in this real estate company. As per TARC’s shareholding pattern for the July to September 2021 quarter, Big Bull holds 46,95,000 shares or 1.59 per cent stake in the company. In fact, Rakesh Jhunjhunwala has cut his stake in the company during the July-September quarter as he held 1 crore shares or 3.39 per cent stake in the company in June 2021 as per the company’s shareholding pattern.
So Ashish Kacholia bought stake in the company at a time when Big Bull was reducing his stake in this real estate company.
However, if we look at the share price history of TARC, it has given more than 50 per cent return to its shareholders in the last six months, while it has grown in the last six months. ₹23.75 to ₹44.35 per share level in 2021, is giving more than 85 per cent year-on-year return to its shareholders.
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