Singularity Large Value Fund I, II, and III - owned by Madhusudan Kela and son Yash Kela - have acquired 62.5 lakh shares (two percent stake) at Rs 142.55 per share. At the same price, Ramesh Damani too has picked up 8 lakh shares, while Utpal Sheth has bought 17.5 lakh shares. In addition, FE Securities and Samyak Enterprises each have purchased 14.55 lakh shares.
"When the worker on the shop floor of a company thinks in terms of capital returns employed, that is a culture that we would like to back" he said.
"We are privileged to be participating in India at this time," Sheth said, when asked during a panel discussion about the developing equity cult in the Indian market.
Visuals shared by Finance Minister Nirmala Sitharaman's office showed Jhunjhunwala being accompanied by his two associates - Utpal Sheth and Amit Goela.
If he had to choose between his daughter and Warren Buffet to spend a weekend, no prizes for guessing what this whizkid of Dalal Street will do.