Rakesh Jhunjhunwala Portfolio Big Bull and his wife Rekha Jhunjhunwala have sold further stake in online gaming and casino stock Delta Corp Ltd. After trimming the stake in Delta Corp shares to 1.65 lakh from 2 lakh shares in Q1FY23, the Jhunjhunwala couple further sold 7.5 million Delta Corp shares in June 2022. Rakesh Jhunjhunwala first sold 6 million shares of the company from 1st June to 10th June and then offloaded another 1.5 million shares of Delta Corp on 1st 3rd and 14th June 2022. Delta Corp told Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala that they booked a partial profit in Delta Corp in an exchange communication.
Rakesh Jhunjhunwala informed Indian Exchange Quoting the development, “It is to inform you that as on 31st May 2022, I held 1,65,000 equity shares (i.e. 6.1695%) of Delta Corp Ltd with the persons acting in my concert. For the period 1st June 2022 From 10 June 2022, I have reduced my holding of 60,000,000 equity shares of Delta Corp Ltd with the persons acting in concert, which is 2.2435 of the total issued and paid-up capital of Delta Corp Ltd of 26,74,44,801 equity shares % (FV Rs.1/- each).”
Rakesh Jhunjhunwala Further explained, “On 13th June 2022 and 14th June 2022, I have further sold 15,00,000 equity shares, which is 0.5609% of the total issued and paid-up capital of 26,74,44,801 equity shares (FV Re) of Delta Corp Ltd. . . . each to 1).”
“This takes our shareholding to 90,00,000 equity shares of Delta Corp Ltd., which is 3.3652% of the total issued share.[aid up capital of Delta Corp Limited,” concluded Rakesh Jhunjhunwala.
According to Delta Corp shareholding pattern for January to March 2022 period, Rakesh Jhunjhunwala owns 1.15 crore Delta Corp shares or 4.30 per cent stake in the company whereas his wife Rekha Jhunjhunwala holds 85 lakh Delta Corp shares or 3.18 per cent stake in the company. So, in Q1FY23, Jhunjhunwala couple has sold out 1.10 crore Delta Corp shares.