scorecardresearchRakesh Jhunjhunwala reduces stake in this auto major after 15% decline this year

Rakesh Jhunjhunwala reduces stake in this auto major after 15% decline this year

Updated: 12 Apr 2022, 02:14 PM IST
TL;DR.
Data available with the exchange showed that Jhunjhunwala’s name was not among the 'Individual share capital in excess of Rs. 2 Lacs' of the company as of March 31, 2022. He owned a 5.22 percent equity in the company as of December 31, 2021. Earlier this quarter, he increased his stake in the firm a bit as well, he had a 5.68 percent stake, or 75 lakh shares, in Escorts as of February 18, 2022.
The recent reduction by such a seasoned investor might lead to many retail investors following in his footsteps.

The recent reduction by such a seasoned investor might lead to many retail investors following in his footsteps.