Categories: Business

Rakesh Jhunjhunwala increased his share of VIP Industries, shares rose 10 percent

Photo: FILE

Rakesh Jhunjhunwala raises stake in VIP Industries; Shares rally

new Delhi. Shares of VIP Industries jumped more than 10 percent on Monday after Rakesh Jhunjhunwala increased his stake in VIP Industries to 5.31 percent. Their share was 5.11 percent in the third quarter of FY 2019-20. During January-March 2020, he has bought 2.85 lakh shares of VIP Industries.

On BSE, VIP Industries shares jumped 10.46 per cent to Rs 234.80 at 11:15 am. The share of VIP Industries is down 46 percent on an annual basis.

Jhunjhunwala owned 72,15,400 shares of VIP Industries in the third quarter of FY 2019-20, which increased to 75,00,400 in the fourth quarter. Mutual funds have also increased their shareholding in VIP Industries from 9.13 per cent to 10.4 per cent on a quarterly basis.

At 1:15 pm, the share of VIP Industries on BSE was trading at a level of Rs 226.15 with a gain of 6.54 percent.

This post was published on May 11, 2020 3:04 pm

Content Team

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