Billionaire investor Rakesh Jhunjhunwala has trimmed his shareholding in The Mandhana Retail Ventures Limited, promoting 98,094 equity shares of the firm or .44% of his total shareholding in the firm. According to the newest shareholding pattern of Mandhana Retail Ventures, obtainable on the BSE site, Rakesh Jhunjhunwala held a 12.74% stake in The Mandhana Retail Ventures at the finish of June this year. The stock value of Mandhana Retail Ventures has zoomed 20.83% so far this year. Most of these gains had been recorded in the 1st six months of the year the stock has moved reduced following that.
“This is to inform you that as on September 16, 2021, I was holding 23,78,871 equity shares (10.7726%) of The Mandhana Retail Ventures Limited,” Rakesh Jhunjhunwala stated in a letter to the firm secretary of Mandhana Retail. “From the last disclosure till September 16, 2021, I have reduced the holding by 4,34,403 equity shares, which is 1.96% of the total issued paid-up capital of The Mandhana Retail Ventures Limited,” he added. The massive bull additional added that amongst September 17 and September 20 this year, he sold yet another 98,094 equity shares of The Mandhana Retail Ventures.
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The current sale, along with the prior one, has helped Rakesh Jhunjhunwala trim his shareholding in the firm to 22,80,777 equity shares, which is 10.3284% of the total issued and paid-up capital of The Mandhana Retail Ventures. The share value of The Mandhana Retail Ventures gained 1.03% on Monday to finish at Rs 14.75 per share.
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Between the finish of December 2020 and the finish of June 2021, Rakesh Jhunjhunwala’s shareholding in the firm remained static at 12.74% with 28,13,274 equity shares. During this period the stock of the firm zoomed 56%, assisting the ace investor pocket at least Rs 2 crore in income. Rakesh Jhunjhunwala, who is usually named the massive bull of domestic stock markets, is recognized for spotting multi-baggers and holding these stocks for years to earn enormous returns on the similar.