Rakesh Jhunjhunwala Portfolio Ace Indian stock market investor Rakesh Jhunjhunwala has informed Indian exchanges that he has reduced his stake in garments maker firm Mandhana Retail Ventures from 12.74 per cent (in June 2021 quarter) to 2.40 per cent. Big Bull informed the Indian exchanges about its stake sale on 7 October 2021 and announced that they now hold 5,30,500 shares of the company, which is 28,13,274 or 12.74 per cent of the total paid-up capital of the company in April . June 2021 shareholding pattern. In his letter to the Indian exchanges, ‘Warren Buffett of India’ said that he has sold over 8.5 lakh shares of Mandhana Retail in the last two days.
In his disclosures before NSE and BSE, Rakesh Jhunjhunwala announced, “From 27 September 2021 to 4 October 2021, I have sold 4,05,200 equity shares which is 1.8349% of the total issued and paid-up capital of Mandhana Retail Ventures Ltd. of the total issued and paid-up capital of Mandhana Retail Ventures Ltd.
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“This takes my total shareholding to 5,30,500 equity shares which is 2.4023% of the total issued and paid-up capital of Mandhana Retail Ventures Limited (ie 2,20,82,609 equity shares of FV at Rs.10/- each),” Rakesh Jhunjhunwala concluded.
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Rakesh Jhunjhunwala has been continuously reducing his stake in the textile company in the July-September 2021 quarter. On 17 September 2021, Big Bull sold 65,820 Mandhana Retail shares while they sold 32,274 company shares on 20 September 2021.
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