Ace investor Rakesh Jhunjhunwala
and his wife Rekha have sold their entire 4.20 per cent shareholding in IT firm Intellect Design Arena
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 Design Arena
to nil ," he added.
Based on the stock's weighted average price of Rs 124.91 on February 14, the transaction
value is estimated at Rs 53.08 crore.
Shares of the company were trading 1.93 per cent higher at Rs 113.45 on the NSE.