Rakesh Jhunjhunwala Portfolio Noticing a more than 60 per cent decline in year-on-year (YTD) time, Big Bull Rakesh Jhunjhunwala has sold his stake in Indiabulls Real Estate Company. As per the company’s shareholding pattern, Rakesh Jhunjhunwala’s name is missing from the list of individual shareholders who hold 1 per cent or more stake in the realty company. In the March 2022 quarter, the ace investor held 1.10 per cent shares in Indiabulls Real Estate.
Rakesh Jhunjhunwala Shareholding
As per shareholding pattern of Indiabulls Real Estate For the April to June 2022 quarter, Big Bull’s name is missing from the list of individual shareholders, while his name was present in the company’s January to March 2022 shareholding pattern. Rakesh Jhunjhunwala held 5 lakh Indiabulls Real Estate shares in Q4FY22, which was 1.10 per cent of the total paid-up capital of the company.
that means, Rakesh Jhunjhunwala During April to June 2022, he delisted his stake in the real estate company. However, it would be difficult to establish whether he sold his stake in the company outright or he sold his shares to such an extent that it went below 1 percent of the total. The paid-up capital of the company.
As per the rules of the exchange, it is mandatory for listed companies to share the shareholding pattern at the end of every quarter. In this shareholding pattern, they are bound to share the names of those shareholders who hold 1 percent or more of the company’s shares. However, shareholding does not give details of the purchase and sale of shares. Hence, it is difficult to ascertain how many shares Rakesh Jhunjhunwala sold during the April to June 2022 quarter. But, it is certain that Rakesh Jhunjhunwala has sold his stake in the realty company and now his stake in the company is either nil or less than 1 percent of the total paid-up capital of the company.
Indiabulls Real Estate Share Price History
After entering the new year 2022, Indiabulls Real Estate share price has been steadily declining. During 2022, this stock of Rakesh Jhunjhunwala remains the favorite ‘Sell on Rise’ stock of the bears. In the last one month, this stock has been around Rs. has fallen from 72 to 62 each level, registering a decline of about 13.50 percent over the period. However, in YTD time, Indiabulls Real Estate share price has corrected from approx. from 162 62 each level, a decline of more than 60 percent was recorded in 2022.