Ace investor Rakesh Jhunjhunwala offloads 2.67% stake in Titan

Titan, which is into jewellery and watch retailing, is the top holding for Jhunjhunwala, who holds shares worth $2 billion in over a dozen companies.

Ace investor Rakesh Jhunjhunwala has offloaded 2.67 per cent stake in Titan Company, a Tata group company. Between May 22 and June 28, Jhunjhunwala and eight other connected entities offloaded around 12.5 million shares for around Rs 10.8 billion. Over half of these shares were sold on Thursday, accordinmg to a disclosure made to BSE. Shares of Titan on Thursday closed at Rs 838, down 3.6 per cent. Shares of Titan have come off by around 10 per cent amid the stake sale by Jhunjhunwala.

Titan, which is into jewellery and watch retailing, is the top holding for Jhunjhunwala, who