Rakesh Jhunjhunwala exits MCX, trims stakes in three other portfolio holdings

Asia's Tech News Daily

#Fortis HealthcarE Ltd, #markets, #Multi Commodity Exchange of India Ltd, #Rakesh Jhunjhunwala, #stocks, #TARC Ltd, #The Mandhana Retail Ventures Ltd, Multi Commodity Exchange of India (MCX)

Ace investor Rakesh Jhunjhunwala has parted ways with the Multi Commodity Exchange of India (MCX), apart from trimming his stakes in three other portfolio holdings.

Fresh shareholding data, for the quarter ending September 2021, did not include Jhunjhunwala among the key shareholders of MCX.

As per the regulatory norms, companies are not required to disclose the name of shareholders with less than one percent stake.

This means that Jhunjhunwala, who held 25 lakh shares or 4.9 percent stake in MCX till the June quarter, has now reduced his shareholding to less than one percent.

The ‘Big Bull’ has also trimmed his stake in three other entities – The Mandhana Retail Ventures, TARC and Fortis Healthcare.

On October 7, Jhunjhunwala revealed that he has offloaded an additional 8.5 lakh shares in Mandhana Retail, which brought down his stake in the company to 2.4 percent.

He was holding 17,87,900 equity shares or 8.09 percent stake in Mandhana Retail till September 26.

In TARC, Jhunjhunwala held 3.39 percent stake till the June quarter. The same has been reduced to 1.59 percent as of September 30, as per the shareholding data.

In Fortis Healthcare, the seasoned investor has reduced his stake to 4.23 percent from 4.31 percent sequentially.

The latest filing for shareholding done by the pharma major Lupin Limited did not include the name of Jhunjhunwala. Trendlyne data showed that his holding in the company as ‘below 1%’ as on September 30.

Despite the recent offloading of shares in a number of firms, Jhunjhunwala has kept his holdings unchanged in at least eight stocks – Indian Hotels, Tata Communications, Man Infraconstruction, NCC, Orient Cement, Wockhardt, Agro Tech Foods, and Aptech.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Rare Whisky mulls auction hub for market-beating spirits investments as Hong Kong buyers drive regional sales

Rare Whisky Holdings, a Hong Kong-based investment group that focuses on rare and exclusive bottles and cask investment, is considering setting up an auction hub in Asia to help owners ... Read more »

Global firms are paying up to deal with Hong Kong's quarantine rules

HONG KONG (BLOOMBERG) – Companies including JPMorgan Chase & Co. are stepping up to compensate employees ensnared by Hong Kong’s strict quarantine regime as businesses in the city struggle to ... Read more »

In Pics | M-cap of nine out of the top 10 most valued firms eroded by Rs 2.62 lakh crore

Baja Finance | The company took the biggest hit last week, along with Reliance Industries. It’s valuation tumbled by Rs 41,518.24 crore to Rs 4,10,670.50 crore. Reliance Industries Limited | ... Read more »

China fines Caifutong, Tencent's WeChat Pay operator, for breaking foreign exchange rules

China has fined Tenpay, an online-payment unit of Tencent Holdings, 2.8 million yuan (US$438,000) for violating foreign exchange rules amid growing regulatory scrutiny of the nation’s fintech industry. The unit ... Read more »

FPIs net buyers in November; invest Rs 5,319 crore

Representative image Foreign portfolio investors (FPI) have pumped in a net sum of Rs 5,319 crore in Indian capital markets despite a massive correction seen in equities over the last ... Read more »

US Black Friday shoppers tapered online splurge, as some returned to stores

RALEIGH (REUTERS) – US shoppers spent slightly less online during Black Friday this year, with many venturing back to physical stores despite coronavirus fears, tight supplies, and retailers’ efforts to ... Read more »

Increasing borrowing standard seems logical, but only makes housing crisis worse

You know it by now: house prices are going through the roof. As a result, young people and first-time buyers on the housing market can hardly afford to buy a ... Read more »

India leading the world in field of start-ups: PM Modi

PM Modi Asserting that this is an era of start-ups, Prime Minister Narendra Modi on Sunday said India is leading the world in this field with more than 70 start-ups ... Read more »

Macro data, new COVID variant updates to drive stock markets this week: Analysts

Stock markets this week will be driven mostly by updates related to the new coronavirus variant that sent equities tumbling globally on Friday, macroeconomic data announcements and auto sales numbers, ... Read more »

MVA govt turned crisis into opportunity: CM Thackeray on completing two years in office

Maharashtra Chief Minister Uddhav Thackeray. | File image Maharashtra Chief Minister Uddhav Thackeray on Sunday said most part of his government’s two-year tenure was spent on COVID-19 management and that ... Read more »

438 infra projects show cost overrun of Rs 4.34 lakh crore

Representative image As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.34 lakh crore, according to ... Read more »

Govt panel seeks additional data from SII, says Covovax not yet been approved in country of origin

Source: AP An expert panel of India’s Central Drug Authority, which recently reviewed Serum Institute’s application seeking emergency authorisation of COVID-19 vaccine Covovax, has sought additional data from the firm, ... Read more »

Credit cards, personal loans lead debt types among Thais: poll

Credit cards are one of the leading types of debt for Thai people, and debt levels have increased since the start of the Covid-19 pandemic. (Photo: Varuth Hirunyatheb) Credit cards ... Read more »

Amazon India head summoned by ED over alleged Future Group deal irregularities

The Enforcement Directorate is the agency that investigates offenses related to money laundering. (Representative image) The Enforcement Directorate (ED) has summoned Amazon India head, Amit Agarwal, next week over alleged ... Read more »

China's ‘dual-credit' policy that spurred the EV sector will be revised in bid to ensure high quality growth

China’s decision to revise a “dual-credit” policy on carbon emissions that helped electric vehicle (EV) makers boost production is likely to hurt the industry leaders in a trade-off for long-term ... Read more »

Capitalism rethink: innovation needn't come at the expense of worker protection

The Covid-19 pandemic has highlighted major weaknesses in both the US and European capitalism models. In the United States, the crisis has shown the limits of an economic system that ... Read more »

Carmichael link: MSCI to drop Adani Ports from four climate indices

Gautam Adani | Representative image The MSCI Climate Change Index will drop Adani Ports and Special Economic Zone (APSEZ). This comes as the project had been termed ‘severe’. MSCI will ... Read more »

COVID-19: Compulsory PCR tests for UK arrivals are 'huge blow' to travel industry

It is hoped the measures will buy scientists time to learn more about the Omicron variant, but there are fears it will also affect the recovery of an industry hard hit by the pandemic. Read more »

China reportedly takes over Uganda's airport on account of loan default

In what is yet another move to acquire foreign assets on account of default of loans China allegedly has taken over the Ugandan Entebbe International Airport and other assets in ... Read more »

Cryptocurrency Prices Today on November 28: PNT biggest gainer while market remains in red

Most cryptocurrencies are mostly red on November 28. The global cryptocurrency market capitalisation is currently $2.44 trillion, down 1.22 percent in the past 24 hours. Siacoin (SC), the highest gainer on November 27, ... Read more »

Petrol, diesel prices on November 28: Fuel rates remain unchanged for 24 days in row

In Delhi, the petrol price remained unchanged and retailed at Rs 103.97 a litre. (Representative image) Petrol and diesel prices remained unchanged for the 24th consecutive day on November 28 ... Read more »

Cryptocurrency Prices Today on November 27: Bitcoin, LRC, CHR down; Siacoin rises high

Cryptocurrency (Representative image) Most cryptocurrencies are mostly red on November 27. The global cryptocurrency market capitalisation is currently $2.47 trillion, down 6.97 percent in the past 24 hours. Major coins like Loopring ... Read more »

Daily Voice | Don't expect massive listing gains in Star Health IPO, says Gaurav Garg of CapitalVia Global Research

Gaurav garg Gaurav Garg, Head of Research, CapitalVia Global Research is expecting further selling in the market led by FIIs due to rising dollar, and globally new variant of COVID-19 ... Read more »

Sir Ian Taylor - Nine questions for the Prime Minister about Covid tests in NZ

OPINION: I have to declare a potential conflict of interest. I voted for the current Government on the basis that I believed the Prime Minister when she said this would ... Read more »

First wahine Māori to head Pharmac advisory board

By Will Trafford of Maori Television The first wahine Māori will take over as chairwoman of Pharmac’s Advisory Committee, the group that recommends which pharmaceutical drugs should be funded by ... Read more »

Black Friday price hikes and fake sales on the rise, says PriceSpy

Black Friday has become one of the biggest sales days around the world but new research shows some discounts may be dud deals. Pricing and comparison service PriceSpy says nearly ... Read more »

Black Friday shopping in stores drops 28 percent from pre-pandemic levels

Shoppers shifted to buying online and started earlier in the year, according to preliminary data from Sensormatic Solutions. Read more »

Nike and G-Dragon collaborate on taekwondo-inspired sneakers

Nike is again collaborating with K-pop icon and rapper G-Dragon for a Taekwondo sneaker called Nike Kwondo1 to be released under the artist's streetwear line PEACEMINUSONE. The all-white shoe carries ... Read more »

Bayern Munich asked to end Qatar Airways $22.5 million per year sponsorship deal on human rights grounds

Bayern’s sponsorship deal with Qatar Airways is worth around $22.5 million annually, with the five-year term set to expire in 2023. Bundesliga champions Bayern Munich's recent annual general meeting saw ... Read more »

POSCO building hydrogen supply infrastructure in Pohang

According to the agreement, the POSCO group will establish a large diameter piping system to enable a massive hydrogen supply while keeping hydrogen prices competitive. POSCO would set up infrastructure ... Read more »

Watchdog assures clothing from recycled plastic bottles is safe

The consumer watchdog asked authorities to include recycled material garments among clothes subject to environment labeling certification, The Korea Consumer Agency concluded that clothes made with recycled plastic bottles generally ... Read more »

Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season

Shoppers with bags from various stores stand next to each other as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021.Jon Cherry ... Read more »

'Religious vandalism': Tripura CM asks DGP to review UAPA cases against social media users

Tripura Chief Minister Biplab Deb (Image: Twitter/@BjpBiplab) Tripura Chief Minister Biplab Kumar Deb on Saturday asked Director General of Police VS Yadav to “review” the cases against the 102 social ... Read more »

Tight regulations await top NBFCs looking for entry into banking

The Reserve Bank of India (RBI) on November 26 accepted 21 out of 33 recommendations of an internal working group on the ownership guidelines and corporate structure of private sector ... Read more »

Blockchain start-up Kingspin Technology Services starts operations in India

Representative image Kingspin Technology Services, a Keralite-driven UAE based blockchain start-up on Saturday launched its services in India with an aim to spread its wings in Kerala with Kochi as ... Read more »

‘Supermarkets massively sell bottles of soft drinks without a deposit', investigation inspection

Supermarkets sell bottles of soft drinks without a deposit, while they are legally obliged to ask for a deposit. It concerns a hundred liquor bottles, often of their own private ... Read more »

'I use it for life': Mike Tyson joins the list of celebrities launching a cannabis line

In this handout image Mike Tyson attends the Hublot x WBC “Night of Champions” Gala at the Encore Hotel on May 03, 2019 in Las Vegas, Nevada.Omar Vega | HUBLOT ... Read more »

Top 10 best read on DFT: energy and houses

The prediction by a leading energy expert that the oil price will fall next year attracted most readers. There was also a lot of reader interest for a tasty interview ... Read more »

COVID-19 update | Maharashtra minister asks Thane authorities to be prepared to tackle new variant scare

Image: Twitter Maharashtra Urban Development Minister Eknath Shinde on Saturday asked Thane district authorities and local civic officials to keep hospital facilities ready and ensure strict adherence among people to ... Read more »

Tata Steel focuses on increasing iron ore production to 45 mtpa in 5 years

File image Tata Steel will focus on augmenting iron ore production from 30 million tonne per annum to 45 mtpa in the next five years, a company official said on ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic