The ace investor Rakesh Jhunjhunwala is reported to have a net worth of over $2.7 billion or nearly Rs 19,000 crore
The regulator had initiated adjudication proceedings against Jhunjhunwala in 2017 for alleged violation of PIT (Prohibition of Insider Trading norms) in the matter of Geometric Ltd, now part of HCL
But shows increased stake in stocks under a cloud- including Dewan, SpiceJet and Fortis
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.
Share sale may have fetched over Rs 10 billion
As on March 28, 2018, the combined net worth of Rakesh Jhunjhunwala and his family stood at Rs 130.21 billion, down 0.8 per cent or Rs 1.09 billion
A young CA asked Jhunjhunwala whether he had made any big mistakes in the stock market
The ace investor believes India is poised for double digit growth by 2020
His net worth in listed companies surges as Escorts, Aptech, Edelweiss Financial rally over 30%
Escorts, Aptech, Edelweiss Finance, Delta Corp and DHFL have rallied more than 35% since January.
Intellect Design Arena is a Chennai-based IT firm
Ace investor eyes newer cos as long-term bets drag returns
Currently, the value of Jhunjhunwala's portfolio is around Rs 7,500 cr, a fourth of which is about Rs 1,876 cr
Rakesh Jhunjhunwala and Radhakishan Damani have floated Gutz Feel Film Production, a limited liability partnership