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Investor Rakesh Jhunjhunwala announced Thursday that he sold 1.25 crore shares, or 1.4%, of Titan Company between May 22 and June 28.
According to an opinion of BSE, Jhunjhunwala with the people acting in concert sold 61.00,000 On June 28, the total number of shares held reached 1.25 million (1.4%).
The shares of Titan Company fell by about 8% during the same period. The action was quoting Rs 914.90 on May 22. It slipped to Rs 838.05 on June 28, which translates to a 8.4% decline
Total shareholding of Jhunjhunwala and persons acting in concert on May 21 stood at 7.79 shares of crore, or 8.8 percent, which fell 10.05 percent recorded on April 12, 2007. This represents a variation of 2.67 percent.
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