ACE Investor Name Rakesh Jhunjhunwala Lost from the List of Main Shareholders IndiaBulls Real Estate Ltd., the latest share ownership pattern expressed by the developer.
According to December quarter shareholders data, Jhunjhunwala held 5 million shares, or 1.1 percent of the shares, in the Indirbulls area.
The company registered in public only includes the names of investors who have more than one percent of the shares in the company.
IndiaBulls Real Estate Ltd told MoneyControl that Jhunjhunwala had not sold one of its shares and continued to hold 50 shares of the same lakh. But he said Holding had gone under 1 percent, because of increasing capital.
“Since surviving in the capital it is 1.1%, in the last SHP, the public name is under the head of shareholders holding more than 1%,” he said.
The news came a day after appearing that Jhunjhunwala had sold its shares in escort. He holds 75 Lakh equity shares, or 5.68 percent of the shares, in the company on December 31, 2022, said the source. His name is missing from the list of individual shareholders, which has 1 percent or more, an escort shareholding pattern for Q4 FY22 shows.
This means Big Bull, which held stocks since December 2015, posted profits during the January-March period.
