Rakesh Jhunjhunwala picks up 1.39% stake in this PSU between April-June

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Rakesh Jhujhunwala bought 1.39 percent stake or 5,75,00,000 shares in SAIL during the April-June period.

Rakesh Jhunjhunwala picks up 1.39% stake in this PSU between April-June
Billionaire investor Rakesh Jhunjhunwala has picked up 1.39 percent stake in Steel Authority of India (SAIL), data available on the exchange shows. Jhujhunwala picked up 5.75 crore shares in SAIL during the April-June period and did not hold any stake in the company in the previous quarter.
Both Jhunjhunwala and his wife Rekha have invested in SAIL.
The 'Big Bull' has also increased his stake in Edelweiss Financial Services in Q1 by 0.4 percent. Jhunjhunwala holds 1.5 crore shares aggregating 1.61 percent stake in Edelweiss Financial Services in Q1 as against 1.1 crore shares or 1.1 percent stake in the March quarter.
Meanwhile, Jhunjhunwala decreased his stake in Titan Company by 0.25 percent in the June quarter. This is for the third consecutive quarter that Jhunjhunwala has cut stake in the jewellery-watch-to-eyewear maker.
As per shareholding patterns posted on BSE, Jhunjhunwala reduced his stake in Titan to 3.72 percent in June 2021, from 3.97 percent in March 2021. His wife, Rekha's stake remained unchanged at 1.09 percent.
On July 17, Jhunjhunwala, his wife and eight other individuals settled a case related to insider trading in the shares of Aptech Ltd after paying over Rs 37 crore. The amount included settlement charges, disgorgement of ill-gotten gains along with interest charges.
The other eight individuals who settled the case are -- Rajeshkumar Jhunjhunwala, Shushila Devi Gupta, Sudha Gupta, Ushma Seth Sule, Utpal Sheth, Madhu Vadera Jayakumar, Chugh Yoginder Pal and Ramesh S Damani, according to two separate orders passed by Sebi. The orders come after the settlement applications by these perons with Sebi proposing to settle, "without admitting or denying the findings of fact and conclusions of law, through a settlement order".
In separate settlement orders, Sebi said, "pending enforcement proceedings for the alleged defaults ...are settled qua the applicants". It was alleged that Utpal Seth and Rakesh Jhunjhunwala were in possession of the unpublished price sensitive information (UPSI) related to Aptech foraying into preschool segment and communicated the same to other applicants. "On the basis of the UPSI, Rakesh Jhunjhunwala, Rekha Jhunjhunwala, Rajeshkumar Jhunjhunwala, Shushila Devi Gupta, Sudha Gupta and Ushma Seth Sule are alleged to have traded in the scrip of Aptech during the UPSI period," the order noted.
-- With inputs from PTI

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CompanyPriceChng%Chng
Hindalco458.10 41.80 10.04
Tata Steel1,458.60 93.60 6.86
Bajaj Finserv14,599.05 628.50 4.50
SBI441.55 16.05 3.77
JSW Steel748.40 26.70 3.70
CompanyPriceChng%Chng
Tata Steel1,459.00 93.85 6.87
Bajaj Finserv14,590.45 625.20 4.48
SBI441.75 16.30 3.83
HCL Tech1,007.60 24.95 2.54
Sun Pharma703.25 15.70 2.28

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