Jhunjhunwala exits this underperformer in Q3, trims stake in Aptech

New Delhi: Ace investor Rakesh Jhunjhunwala sold a big chunk of his holding in the specialty retail chain The Mandhana Retail Ventures, potentially indicating his exit from the company.

According to the latest shareholding data filed by the company, Jhunjhunwala's name was missing from the key shareholders' list, signalling either he exited the stock or his holding declined below one per cent.

According to the norms, companies are obligated to release the names of key shareholders on a quarterly basis who own at least one per cent stake in the company.

Jhunjhunwala, also referred to as Big Bull, held 16,30,900 equity shares or a 7.39 per cent stake in the company at the end of the September 2021 quarter. He had been holding this counter for a long time.

Shares of The Mandhana Retail Ventures were trading a per cent higher Rs 17.75 on Wednesday. The scrip had settled at Rs 17.5 on Tuesday. BSE barometer and Benchmark Sensex was trading 381.7 points or 0.63 per cent higher at 60,998.59 at the time of writing this report.

Rejigging his portfolio, Jhunjhunwala trimmed his stake in Aptech as he and his spouse, Rekha Rakhesh Jhujhunwala, now hold 23.43 per cent stake in the company compared with 23.72 per cent at the end of September quarter.

Jhunjhunwala's holding in TARC also slipped below one per cent, the data suggested. Big Bull, meanwhile, stayed put in Canara Bank, Federal Bank, Man Infra and Bilcare, but increased his stake by half a per cent in Escorts.

As per the latest data available on Trendlyne, Rakesh Jhunjhunwala and Associates publicly hold 37 stocks with a net worth of over Rs 25,699.1 crore.