Rakesh Jhunjhunwala earns ₹832 crore from these two stocks in one month

Share


Rakesh Jhunjhunwala’s net worth surged near 832 crore in last one month after rally in his newly listed two portfolio stocks — Star Health and Metro Brands. In last one month Star Health share price surged from 686.60 to 741.10 apiece levels, logging a rise of 54.50 per share in this period. Similarly, in last one month, Metro Brands share shot up from 531.95 to 604 per share levels, ascending around 72.05 per share in this small time. 

These two Rakesh Jhunjhunwala portfolio stocks have been listed recently at Indian bourses and they have shown upside movement after some consolidation post-listing.

Rakesh Jhunjhunwala shareholding in Star Health and Allied Insurance Company

As per the exchange communication by Rakesh Jhunjhunwala post-listing of Star Health shares, Big Bull and his wife Rekha Jhunjhunwala have shareholding in the company. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together hold 10,07,53,935 company shares, which is around 17.50 per cent of total issued paid-up capital of the company.

Rakesh Jhunjhunwala holding in Metro Brands

As per the shareholding pattern of Metro Brands for October to December 2021 quarter, Rakesh Jhunjhunwala has invested in this company through his wife Rekha Jhunjhunwala. Rekha Jhunjhunwala has invested in this stock via three trusts — Nishtha Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust and Aryaman Jhunjhunwala Discretionary Trust. As a trustee of Nishtha Jhunjhunwala Discretionary Trust, Rekha Jhunjhunwala holds 1,30,51,188 Metro Brands shares or 4.81 per cent stake. As trustee of Aryavir Jhunjhunwala Discretionary Trust and Aryaman Jhunjhunwala Discretionary Trust, she holds 1,30,51,206 shares or 4.81 per cent stake in both trusts respectively. Hence, Rekha Jhunjhunwala holds 3,91,53,600 Metro Brands shares, which is 14.43 per cent of total paid-up capital of the footwear company.

Rise in Rakesh Jhunjhunwala’s net worth

As Star Health share price surged 54.50 apiece and Rakesh Jhunjhunwala holds 10,07,53,935 Star Health shares, net rise in Rakesh Jhunjhunwala’s net worth after rise in this Rakesh Jhunjhunwala portfolio stock in last one month is around 550 crore ( 54.50 x 10,07,53,935).

Similarly, Rekha Jhunjhunwala holds 3,91,53,600 Metro Brands shares and this Rakesh Jhunjhunwala stock ascended 72.05 per share in last one month, net rise in Rakesh Jhunjhunwala wealth due to rise in this portfolio stock in last one month is around 282 crore ( 72.05 x 3,91,53,600).

Rise in Rakesh Jhunjhunwala’s net worth

So, net rise in Rakesh Jhunjhunwala’s wealth in last one month after rise in these two newly listed portfolio stocks is 832 crore ( 550 crore + 282 crore).

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.


Download
the App to get 14 days of unlimited access to Mint Premium absolutely free!



Source link

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.