You are here: Home » Markets » News
Business Standard

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

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

Rakesh Jhunjhunwala | Tata Motors

Sundar Sethuraman  |  Mumbai 

has picked up a 1.29 per cent stake in 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 had soared 36 per cent. In comparison, the Nifty had gained 9.2 per cent during the same period. Earlier this month, the company had reported better-than-expected volumes for the September quarter at its British subsidiary Jaguar Land Rover (JLR).


JLR reported a sequential volume growth of 50 per cent, led by higher sales in China and the UK. This growth was led by improving demand and new launches, such as the Land Rover Defender.

Jhunjhunwala’s portfolio is widely followed by investors to get a pick into his strategy. It has emerged that he raised his holdings in Lupin from 1.47 per cent to 1.57 per cent during the September quarter. His wife Rekha sold 50,000 shares of Titan during the quarter, pruning her holdings from 1.1 per cent to 1.09 per cent.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 16 2020. 02:08 IST