Rakesh Jhunjhunwala Cuts Stake in Lupin
Dec 31, 2014 | 18:03 PM IST
Dec 31, 2014 | 18:03 PM IST
Celebrity investor Rakesh Jhunjhunwala has trimmed his holding in pharma giant Lupin to 1.14 per cent for the third quarter thatt ended on December 31, 2015. After this development Jhunjhunwala holds 51,15,105 shares in Lupin.
As compared to December 31, 2014, Jhunjhunwala has reduced his stake by 20.30% points to 1.14%. To bring down his stake he sold 20,40,305 shares YOY.
On quarter on quarter basis, Mr. Jhunjhunwala has cut his stake from 1.47 per cent as on September 30, 2015 to 1.14%. For the first in nine months of FY16, Lupin shares have dropped by 16.14 per cent.
Jhunjhunwalas current valuation in Lupin of shareholding stands at Rs. 860.97 crore, which was Rs. 1,021.25 crore as on December 31, 2014.
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