Rakesh Jhunjhunwala Picks Up 1% Stake In Jaiprakash Associates
Jul 26, 2017 | 18:03 PM IST
Jul 26, 2017 | 18:03 PM IST
Celebrity investor Rakesh Jhunjhunwala has bought 2.5 crore shares, or 1% stake, in Jaiprakash Associates during the June quarter. The details were shown in Jaiprakash Associates' shareholding data. At this point, it is not known whether Rakesh Jhunjhunwala held any stake before this quarter. Individual shareholders' holding details only show up on exchanges if the total stake bought is above 1 percent.
Jhunjhunwala's holding in the company is worth Rs 57.5 crore. On Thursday, shares of Jaiprakash Associates finished flat at Rs 23.05 on BSE. The company's stock had hit its 52-week high of Rs 24 on Wednesday. The stock has jumped 241% from its 52-week low of Rs 6.71 which happened in the month of November 2016. The stock is also one of the top performers in the Nifty 500 index this year.
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