Rekha Jhunjhunwala increased stake in this infra stock during Q3FY23

 

• Rekha Jhunjhunwala has increased her stake in NCC by 0.45 per cent during the October to December 2022 quarter

Rekha Jhunjhunwala has raised stake in her portfolio stock Nagarjuna Construction Company (NCC) during the October to December 2022 quarter. As per the shareholding pattern of this Rekha Jhunjhunwala portfolio company, the lead investor has increased his stake in the company from 12.64 per cent to 13.09 per cent. These shares also include the NCC shares that were earlier held by her late husband Rakesh Jhunjhunwala.

Rekha Jhunjhunwala has stake in NCC

As per the shareholding pattern of NCC for the recently ended December 2022 quarter, Rekha Jhunjhunwala now holds the shareholding which was earlier held by her late husband Rakesh Jhunjhunwala. Rekha Jhunjhunwala now holds 13.09 per cent stake in the company, which is being shown separately as 11.24 per cent and 1.85 per cent. This split is mainly due to the demise of her husband Rakesh Jhunjhunwala. Earlier, both Rakesh Jhunjhunwala and Rekha Jhunjhunwala had stake in NCC. So, after the death of Rakesh Jhunjhunwala, Rekha Jhunjhunwala now holds 13.09 per cent stake in NCC or 8,21,80,932 shares.

However, in the July to September 2022 quarter, Rekha Jhunjhunwala held 7,93,33,266 NCC shares or 12.64 per cent stake in the company.

Therefore, during the October to December 2022 quarter, Rekha Jhunjhunwala has bought 28,47,666 NCC shares, which is 0.45 per cent of the total paid-up capital of the infrastructure company. However, it would be difficult to ascertain whether Rekha Jhunjhunwala bought all these shares in one go or whether she bought these shares in a calibrated manner.

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As per shareholding rules, a listed company is bound to share the names of all individual investors who hold 1 per cent or more shares of the company. But, it is not mandatory for companies to give details of purchase and sale of shares. Hence, we can only say that Rekha Jhunjhunwala increased her stake in the company from 12.64 per cent to 13.09 per cent by adding additional 0.45 per cent shares of the infra company during Q3FY23.