Rakesh Jhunjhunwala Portfolio Dividend Paying Stock Indian Hotels share price has risen ahead of the cut-off date for payment of 40 per cent dividend for FY 2012. Indian Hotels stock opened today with a gap of above and went to intraday high 222.75 level on NSE, logging with a gain of about 3 percent compared to yesterday’s close 215.10 per share level. The board of directors of the Rakesh Jhunjhunwala backed company has declared dividend 0.40 per equity share and the record date for payment of dividend to eligible shareholders has been fixed as June 22, 2022.
Declaring dividend payment, Rakesh JhunjhunwalaThe backed company informed, citing the Indian stock exchanges, “(The board of directors of the company) has recommended a dividend of Rs. 0.40/- per equity share 1/- Full payment of each company @ 40% (previous year 0.40/- per equity share 1/- each in full @ 40%}, subject to the approval of the members in the Annual General Meeting.”
Indian Hotel Share Price History
After Climbing the Life-Time High Off 268.95 on NSE in May 2022, this share of Rakesh Jhunjhunwala has been under pressure of profit. However, the stock seems to be rallying after hitting the recent lows. 207.90 Morning Deals in Monday session. In the past year, this hospitality stock has grown by almost 130 to 222 per share level, an increase of more than 70 percent over this time horizon.
Rakesh Jhunjhunwala’s stake in Indian hotels
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in this hospitality company as per the shareholding pattern of Indian Hotels Company Limited from January to March 2022. Rakesh Jhunjhunwala holds 1,57,29,200 shares or 1.11 per cent stake in the company while his wife Rekha Jhunjhunwala holds 1,42,87,765 shares or 1.01 per cent stake in the company.