Delta Corp tanks 10% as Rakesh Jhunjhunwala sells additional 5.7 mn shares

Post transactions, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala's holding in Delta Corp has declined to 1.2 per cent or 3.25 million shares from 3.36 per cent as on June 14, 2022.

Shares of Delta Corp plunged 10 per cent to Rs 166.65 on the BSE in Monday’s intra-day trade after ace investor Rakesh Jhunjhunwala sold an additional 5.7 million equity shares of the company via open market on Friday. The stock had hit a 52-week low of Rs 162.10 on June 16, 2022.

On June 17, 2022, Rakesh Jhunjhunwala reduced his stake in Delta Corp by 2.15 percentage points through block deals. Jhunjhunwala sold these shares at Rs 167.17 per share aggregating to Rs 96 crore. The names of the buyers were not ascertained immediately.

Post transactions, Rakesh Jhunjhunwala