Rakesh Jhunjhunwala quits the MCX market and reduces his interests in three other portfolio assets

Apart from parting ways with the Multi Commodity Exchange of India (MCX), Rakesh Jhunjhunwala has reduced his interests in three other portfolio companies.

Jhunjhunwala was not among the main owners of MCX according to new shareholding statistics for the quarter ended September 2021.

Companies are not obligated to publish the names of owners with less than a one percent interest, according to regulatory requirements.

This implies that Jhunjhunwala, who formerly owned 25 lakh shares in MCX, or 4.9 percent of the company, now owns less than one percent of the company.

In addition, the ‘Big Bull’ has reduced his holdings in three additional companies: The Mandhana Retail Ventures, TARC, and Fortis Healthcare.
Jhunjhunwala said on October 7 that he had sold an additional 8.5 lakh shares in Mandhana Retail, bringing his ownership in the firm down to 2.4 percent.

Until September 26, he owned 17,87,900 equity shares in Mandhana Retail, or 8.09 percent of the company.

Jhunjhunwala had a 3.39 percent interest in TARC until the June quarter. According to ownership statistics, it was decreased to 1.59 percent as of September 30.

The seasoned investor has decreased his investment in Fortis Healthcare from 4.31 percent to 4.23 percent.

The name of Jhunjhunwala was not included in the most recent registration for ownership by the pharma giant Lupin Limited. As of September 30, his ownership in the firm was ‘below 1 percent,’ according to Trendlyne statistics.

Despite recent unloading of shares in a number of companies, Jhunjhunwala’s holdings in Indian Hotels, Tata Communications, Man Infraconstruction, NCC, Orient Cement, Wockhardt, Agro Tech Foods, and Aptech have remained unaltered.