Rakesh Jhunjhunwala picks up 40 mn shares in Tata Motors for Rs 500 cr

Rakesh Jhunjhunwala has picked up a 1.29 per cent stake in Tata Motors. The September quarter shareholding pattern disclosed by the automaker showed Jhunjhunwala holding 40 million shares.

It couldn’t be ascertained if he bought the entire stake during the July-September period. 

Firms have to disclose the names of their public shareholding holding more than 1 per cent stake. 

At the current market price, Jhunjhunwala’s stake is valued at close to Rs 500 crore. 

During the September quarter, shares of Tata Motors had soared 36 per cent. In comparison, the Nifty had gained 9.2 per cent during the same period. Earlier this month, the