Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala has increased her holding in portfolio stock Geojit Financial Services by picking up more shares of the financial services provider during the third quarter of the current financial year (Q3 FY23) ending December 2022. He has also bought additional stake in Canara Bank.
The renowned investor has added 0.8 per cent stake (20,00,000 shares) in Geojit Financial, which takes his total stake in the stockbroking company to 8.4 per cent (2,00,37,500 shares), as per the shareholding pattern.
Jhunjhunwala has bought an additional 0.6 per cent stake (1,07,50,200 shares) in Canara Bank, taking the total holding to 2.07 per cent (3,75,97,600 shares). BSE.
Rakesh Jhunjhunwala, who passed away on August 14, 2022, was one of the major shareholders of Canara Bank in the September 2022 quarter. His shareholding has been transferred to his wife Rekha Jhunjhunwala.
According to stock analysis website Trendlyne.com, Rekha Jhunjhunwala holds 20 publicly traded stocks with net worth of over Rs 11,966.7 crore as on January 10, 2023.
As per the recent shareholding pattern of Geojit on BSE, Rekha Rakesh Jhunjhunwala holds 8.38 per cent stake or 2,00,37,500 equity shares during the October-December 2022 period, as against 7.54 per cent stake or 1,80,37,500 . The shares were held by her late husband Jhunjhunwala Rakesh Radheshyam as of September 2022 quarter (Q2), according to exchange data.
Geojit Financial Services is an investment services company, providing a wide range of products and services such as distribution of Mutual Funds & Insurance, Equity & Derivatives, Commodity, PMS and Financial Planning. CJ George, a financial services industry entrepreneur, is the founder and managing director of the company. The financial stock is down more than 39% in the one-year period.
geojit financial share price history
Stock broking company – Geojit Financial share price closed 5 per cent higher at Rs 49.65 per share on BSE. The counter has declined by over 31 per cent in one year, while it has declined marginally by 5 per cent in the last six months.
Rekha Jhunjhunwala’s holding in Canara Bank stood at 3,75,97,600 equity shares or 2.07 per cent as on December 31, 2022. Her husband Rakesh Jhunjhunwala held 2,68,47,400 equity shares or 1.48 per cent stake as of September 30. 2022.
Spouses of veteran investors bought 1,07,20,200 equity shares of Canara Bank between October and December 2022, as per the shareholding pattern.
The latest shareholding of Rekha Jhunjhunwala in Canara Bank is around Rs 1,205 crore.
canara bank share price history
Shares of Canara Bank have almost doubled from their 52-week low of Rs 171.7 hit on June 20, 2022. The counter touched a 52-week high of Rs 341.6 on Tuesday, January 3, 2023. Friday, January 7th.
Canara Bank stock has rallied nearly 50 per cent in the last one year, while the dividend has remained stable with modest returns in the time frame of last one month.
The Bangalore headquartered Canara Bank was established in the year 1906 and is controlled and owned by the Ministry of Finance, Government of India. The bank also has offices in London, Dubai and New York.
According to Trendline data, Rakesh Jhunjhunwala and associates have 30 public holdings with total assets of over Rs 33,405.7 crore, as per the latest corporate shareholding filed so far.
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