FSL dips 6% in 2 days as Rakesh Jhunjhunwala cuts stake in December quarter

Rakesh Jhunjhunwala's stake in the company declined to 1.29 per cent in December quarter from 2.88 per cent at the end of September quarter

Shares of Firstsource Solutions (FSL) slid 4 per cent to Rs 95.10 on the BSE on Tuesday, falling 6 per cent in the past two trading days after ace investor Rakesh Jhunjhunwala more-than-halved his stake in the company during the October-December quarter (Q3FY21).

With the past two days' decline, th stock has corrected 17 per cent from its record high level of Rs 115.45, touched on December 29, 2020.

According to the December 2020 quarter shareholding pattern disclosed by FSL, Rakesh Jhunjhunwala’s stake in the company declined to 1.29 per cent from 2.88 per cent at the end