Rakesh Jhunjhunwala Portfolio A stock market investor benefits not only from the increase in his portfolio shares but also from the dividends declared by the company. Recently three shares of Rakesh Jhunjhunwala- Titan Company, Canara Bank and Federal Bank have declared dividend for their respective shareholders. As per exchange communication by these three Rakesh Jhunjhunwala portfolio shares, Titan Company has declared dividend 7.5 per share, Canara Bank has declared a dividend of 6.50 per share while Federal Bank has announced 1.80 dividend per share to its respective shareholders.
By this announcement of these three dividend paying stockRakesh Jhunjhunwala’s net worth will increase by approx. 70 crores.
Rakesh Jhunjhunwala Shareholding
As per the shareholding pattern of Titan Company for Q4FY22, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold stake in the Tata Group company. Rakesh Jhunjhunwala holds 3,53,10,395 shares of Titan, which is about 3.98 per cent of the total paid-up capital of Titan Company. His wife Rekha Jhunjhunwala holds 95,40,575 shares of Titan, which is about 1.07 per cent of the total paid-up capital of the Tata group company. So, the Jhunjhunwala couple holds 4,48,50,970 Titan shares or 5.05 percent stake in the company.
As per Federal Bank’s shareholding pattern for the January to March 2022 quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 7,57,21,060 shares of Federal Bank or 3.65 per cent stake in the South Indian bank.
Similarly, as per the shareholding pattern of Canara Bank for the recently ended March 2022 quarter, Big Bull holds 3,55,97,400 Canara Bank shares or 1.96 per cent stake in the public sector bank.
Increase in net worth of Rakesh Jhunjhunwala
As Big Bull and his wife Rekha Jhunjhunwala hold 4,48,50,970 shares of Titan and Titan Company has announced 7.50 dividend for each share, the increase in net worth of Rakesh Jhunjhunwala after the declaration of this dividend is around 34 crores.
Similarly, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 7,57,21,060 shares of Federal Bank and South India Bank has announced. 1.80 per share dividend, will increase Rakesh Jhunjhunwala’s net worth by approx. 13 crores.
Similarly, Big Bull holds 3,55,97,400 shares of Canara Bank and PSU Bank has declared 6.50 per share dividend, Rakesh Jhunjhunwala’s net worth increased after Canara Bank declared dividend 23 crores.
So, the net increase in the net worth of Rakesh Jhunjhunwala after the declaration of dividend by the portfolio shares of Rakesh Jhunjhunwala is approx. 70 crore ( 34 Cr+ 13 crore + 23 crores).