Rekha Jhunjhunwala trims stake in 5 stocks, adds KM Sugar Mills to portfolio

Rekha Jhunjhunwala, the widow of legendary investor Rakesh Jhunjhunwala and the inheritor of his portfolio, brought about significant changes to her investments during the quarter ended in March.

As of the December 2023 quarter, Rekha Jhunjhunwala was holding shares in 26 firms, valued at $4.9 billion, according to Bloomberg. Out of this, so far 13 companies in which she holds stakes disclosed their shareholding patterns for the March quarter. Five of them — Crisil, Tata Communications, Fortis Healthcare, Raghav Productivity Enhancers, NCC, and Canara Bank — recorded a reduction in Jhunjhunwala's stake, while there was no change in six companies.

One new stock, KM Sugar Mills Ltd, entered her portfolio during the quarter in which she added around 5 lakh shares or 0.54 percent stake in the firm.

In Crisil, Rekha Jhunjhunwala sold 20,000 shares, resulting in a slight decrease in her stake from 5.47 percent to 5.44 percent, compared to the previous quarter. Similarly, in Tata Communications Ltd, she divested around 7.34 lakh shares, bringing down her holding from 1.84 percent to 1.58 percent as of March.