As per the recent shareholding pattern released by Escorts on BSE, Indian veteran investors and stock market traders Rakesh JhunjhunwalaThe stake in the tractor maker has increased sequentially during the third quarter (Q3), however, the number of shares he holds remains the same in the company.
The shareholding pattern of BSE as of December 2021 showed that Big Bull holds 5.22% stake, which is higher than the 4.75% stake from the previous quarter of September 2021, while the number of shares held by the investor remains the same, i.e. 64 ,00,000.
Escorts Limited is one of the leading engineering companies in India involved in Farming & Construction Equipment. Escorts shares have gained over 56% in the past six months, while the auto stock has gained over 45% in the one-year period.
In November, Kubota Corporation, the tractor maker’s Japanese partner, had said it would increase its stake in the company by March 31, 2022, through third-party preferential primary share allotment and open offer bidding. After the completion of the Open Offer and the issue becomes effective, Kubota will become the joint promoter of Escorts along with the existing promoters.
Jhunjhunwala, an Indian investor and stock market trader, invests in both himself and his wife Rekha Jhunjhunwala’s name. Jhunjhunwala has been described as the ‘Big Bull’ and ‘Warren Buffett’ of India, his investments being closely monitored by market participants over the years making huge wealth from his stock market bets.
A qualified Chartered Accountant, he manages the asset firm Rare Enterprises. Jhunjhunwala favors stocks in the finance, tech, retail and pharma sectors. Rakesh Jhunjhunwala & Associates holds 39 stocks in public domain with high net worth 24,891 crore as per Trendline data.
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