Rakesh Jhunjhunwala raises stake in VIP Industries in Q4; stock jumps 10%

Rakesh Jhunjhunwala acquired an additional 285,000 shares of the company during the January-March 2020 quarter

Shares of VIP Industries moved higher by 10 per cent to Rs 234.80 on the BSE on Monday after ace investor Rakesh Jhunjhunwala acquired additional 285,000 shares of the company during the January-March 2020 quarter (Q4FY20).

Post acquisition, Rakesh Jhunjhunwala's stake in VIP Industries has increased to 5.31 per cent in Q4FY20, the same level he had held at the end of September quarter (Q2Y20). Jhunjhunwala had cut his stake in the company during the previous quarter to 5.11 per cent level at the end of December 2019 quarter (Q3FY20).

In Q4FY20, Rakesh Jhunjhunwala held a total of 7.5 million shares of