Jhunjhunwala, FPIs, MFs hike stake in Rallis India; stock up 32% in 2020

Jhunjhunwala acquired an additional 275,000 shares of Rallis India during the quarter, taking his stake in the company to almost 10 per cent mark

Ace investor Rakesh Jhunjhunwala and institutional investors hiked their respective stake in Rallis India during the January-March 2020 quarter (Q4FY20).

Institutional investors, led by mutual funds and foreign portfolio investors (FPIs), bought an additional 2.8 million equity shares, or 1.45 per cent stake of Rallis India, in Q4FY20. Mutual funds' holding in the company increased to 15.01 per cent from 13.6 per cent, while FPIs' holding increased to 4.89 per cent from 4.41 per cent at the end of December 2019 quarter.

Rakesh Radheshyam Jhunjhunwala acquired an additional 275,000 shares of Rallis India during the quarter, taking his