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Jhunjhunwala and his wife sell stake in Design Arena for Rs 53.08 cr

Intellect Design Arena is a Chennai-based IT firm

Press Trust of India  |  New Delhi 

Jhunjhunwala and his wife sell stake in Design Arena for Rs 53.08 cr

Ace investor and his wife Rekha have sold their entire 4.20 per cent shareholding in IT firm Intellect for an estimated Rs 53.08 crore.

In a filing to the BSE, Jhunjhunwala said, "On February 14, I along with persons acting in my concert (Rekha Jhunjhunwala) have sold 42.50 lakh shares (4.20 per cent) of Intellect Design Arena".

"This takes our total shareholding in Intellect to nil ," he added.

Based on the stock's weighted average price of Rs 124.91 on February 14, the value is estimated at Rs 53.08 crore.

Intellect is a Chennai-based company.

Shares of the company were trading 1.93 per cent higher at Rs 113.45 on the

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Jhunjhunwala and his wife sell stake in Design Arena for Rs 53.08 cr

Intellect Design Arena is a Chennai-based IT firm

Intellect Design Arena is a Chennai-based IT firm
Ace investor and his wife Rekha have sold their entire 4.20 per cent shareholding in IT firm Intellect for an estimated Rs 53.08 crore.

In a filing to the BSE, Jhunjhunwala said, "On February 14, I along with persons acting in my concert (Rekha Jhunjhunwala) have sold 42.50 lakh shares (4.20 per cent) of Intellect Design Arena".

"This takes our total shareholding in Intellect to nil ," he added.

Based on the stock's weighted average price of Rs 124.91 on February 14, the value is estimated at Rs 53.08 crore.

Intellect is a Chennai-based company.

Shares of the company were trading 1.93 per cent higher at Rs 113.45 on the
image
Business Standard
177 22

Jhunjhunwala and his wife sell stake in Design Arena for Rs 53.08 cr

Intellect Design Arena is a Chennai-based IT firm

Ace investor and his wife Rekha have sold their entire 4.20 per cent shareholding in IT firm Intellect for an estimated Rs 53.08 crore.

In a filing to the BSE, Jhunjhunwala said, "On February 14, I along with persons acting in my concert (Rekha Jhunjhunwala) have sold 42.50 lakh shares (4.20 per cent) of Intellect Design Arena".

"This takes our total shareholding in Intellect to nil ," he added.

Based on the stock's weighted average price of Rs 124.91 on February 14, the value is estimated at Rs 53.08 crore.

Intellect is a Chennai-based company.

Shares of the company were trading 1.93 per cent higher at Rs 113.45 on the

image
Business Standard
177 22