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Rakesh Jhunjhunwala offloads 2.67% stake in Titan Company

Share sale may have fetched over Rs 10 billion

Rakesh Jhunjhunwala
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Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala

BS Reporter Mumbai
Ace investor Rakesh Jhunjhunwala has offloaded 2.67 per cent stake in Titan Company, a Tata group company. Between May 22 and June 28, Jhunjhunwala and eight other connected entities have offloaded around 12.5 million shares for around Rs 10.8 billion. Over half of these shares were sold on Thursday, as per a disclosure made to BSE. Shares of Titan on Thursday closed at Rs 838, down 3.6 per cent. Shares of Titan have come off by around 10 per cent amid the stake sale by Jhunjhunwala.

Titan, which is into jewellery and watch retailing, is the top holdings for Jhunjhunwala, who

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