Billionaire investor Rakesh Jhunjhunwala and his family raised stakes in seven companies and pared in five in the quarter ended September.
For the quarter, he bought his largest stake in VA Tech Wabag Ltd.—a company that listed him among shareholders with more than 1% for the first time, along with Prakash Pipes Ltd. and Tata Motors Ltd.
He added to his holding in Agro Tech Foods Ltd., Jubilant Life Sciences Ltd., TV 18 Broadcast Ltd. and Lupin Ltd.
Jhunjhunwala reduced stakes in NCC Ltd., Escorts Ltd., Federal Bank Ltd., Autoline Industries Ltd. and Titan Co.
While Jhunjhunwala’s largest holding by percentage is Aptech Ltd. at 24.63%—and is listed among promoters—there was no change during the period in his stake in the education company. By value, Titan remains his biggest best with the value of his family’s stake at Rs 7, 016 crores.