However, in the past six months, the stock has tanked 46 per cent as against an 8 per cent fall in the S&P BSE Sensex.
Post transactions, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala's holding in Delta Corp has declined to 1.2 per cent or 3.25 million shares from 3.36 per cent as on June 14, 2022.
DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr
Titan Company has slipped 7 per cent to Rs 1,925 in intra-day trade on Friday and has shed 29 per cent in the past three months.
Akasa Air ordered 72 Boeing 737 Max aircraft last November
Titan and Lupin seem poised for solid gains among Rakesh Jhunjhunwala's portfolio, while shares of Lupin, Star Health and Jubilant Pharmova can be avoided for now.
Ace investor Rakesh Jhunjhunwala-backed Akasa Air, in a release, also said that it is on track to launch its commercial operations by July
'Their (Akasa Air) aircraft delivery is delayed and it is expected to come around June /July. As far as other procedures are concerned, they all are on track,' says a DGCA official
Akasa Air, backed by ace investor Rakesh Jhunjhunwala, and aviation veterans Vinay Dube and Aditya Ghosh, is expected to begin its commercial operations in July
The commercial flight operations of Rakesh Jhunjhunwala-backed Akasa Air will be launched in July instead of June.
The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list
Till 02:09 pm; a combined 37.98 million equity shares representing 4 per cent of the total equity of Edelweiss Financial changed hands on the NSE and BSE.
He further said the airline plans to have 18 aircraft on ground as part of its fleet within 12 subsequent months of launching and then add 12 to 14 every year making it 72 in five years
Titan hit a record high of Rs 2,718.65, rallied 5 per cent on the BSE in Thursday's intra-day trade, surpassing its previous high of Rs 2,687.30 touched on January 7, 2022.
Top private property developers say IPOs are just one source of fundraising
The Series B funding round also saw participation from Emerge Capital and existing investors, Arrivae, backed by ace investor Rakesh Jhunjhunwala said in a statement
It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses
D B Realty will allot 5 crore warrants to investors, including Rakesh Jhunjhunwala and his wife, within days of Godrej Properties cancelling its plans to invest Rs 700 crore in the company
Akasa has hired around 50 employees for back office functions and is now recruiting pilots, flight attendants and airport staff.
Akasa has hired around 50 employees for back office functions and is now recruiting pilots, flight attendants and airport staff.