Rakesh Jhunjhunwala Trims 7.39% Stake in This Micro-cap Stock in Q3

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Rakesh Jhunjhunwala Trims 7.39% Stake in This Micro-cap Stock in Q3
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The speciality retail chain Mandhana Retail Ventures (NS: TEMA ) filed its latest shareholding data for the quarter ending December 2021, as per which ace investor Rakesh Jhunjhunwala appears to have exited the stock.

In the quarter ending September 2021, the Big Bull held 16.3 lakh equity shares of the company, or a 7.39% stake, which he had been holding since a long time.

However, in the latest shareholding data release by the retail chain, Jhunjhunwala's name was not listed among the names of key shareholders, which means that the ace investor either exited the stock or booked profit in the stock, now holding a stake below 1% in the company.

In the past year, the shares of Mandhana Retail Ventures have shot 50%.

Shares of the company were trading 1.15% lower at Rs 17.25 apiece at 12:05 pm on Wednesday, after ending Tuesday’s session at Rs 17.5.

Jhunjunwala and his wife Rekha Jhunjunwala reduced their shareholding in Aptech 's (NS: APTA ) stake too, from 23.72% in Q2 FY22 to 23.43% in Q3 FY22.

Moreover, the couple has held their shareholding in the pharmaceutical company Bilcare Ltd (BO: BIL ), with Rakesh Jhunjhunwala holding a 7.37% stake and Rekha Jhunjhunwal holding a 1.11% stake in the company, at the end of December 2021.

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