8 Apr

Rakesh Jhujhunwala ups stake in this PSB, trims holding in Wockhardt

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Indiatimes
By Pawan Nahar

New Delhi: Ace investor Rakesh Jhunjhunwala has increased his stake in state-owned lender Canara Bank during the March 2022 quarter whereas he has trimmed his stake in pharma player Wockhardt, the latest shareholding suggests.

According to the latest filing from the lender, the Dalal Street veteran has bought 65 lakh shares of Canara Bank during January-March 2022 period to increase his stake to 3,55,97,400 shares or 1.96 per cent by Q4FY22.

However, Jhunjhunwala owned 2,90,97,400 or 1.6 per cent stake in the PSU lender as of December 31, 2022, the BSE data suggests.

Shares of Canara Bank were trading flat at Rs 247.05 on Friday at 11.30 am. However, the counter has almost doubled investors wealth from its 52-week low of Rs 124.35 hit in April 2021.

On the other hand, LIC of India has stayed put in the counter with 16,02,67,464 or 8.83 per cent stake in the company during the period under review.

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