Rakesh Jhunjhunwala’s net worth risen by Rs 832 crore as his stocks fare well
Rakesh Jhunjhunwala’s net worth increased by about Rs 832 crore in the last month as his newly listed portfolio stocks, Star Health and Metro Brands, performed well. Star Health’s stock price has risen 54.50 per share in the last month, from 686.60 to 741.10 per share. Similarly, in the last month, Metro Brands’ share price has risen from 531.95 to 604 per share, averaging at 72.05 per share.
These two Rakesh Jhunjhunwala portfolio stocks were recently listed on Indian exchanges and have since demonstrated positive movement following some post-listing consolidation.
Rakesh Jhunjhunwala shareholding in Star Health and Allied Insurance Company
According to Rakesh Jhunjhunwala’s post-listing Star Health announcement, Big Bull and his wife Rekha Jhunjhunwala own shares in the company. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own 10,07,53,935 company shares, or about 17.50 percent of the company’s total issued paid-up capital.
Rakesh Jhunjhunwala holding in Metro Brands
Rakesh Jhunjhunwala has invested in Metro Brands through his wife Rekha Jhunjhunwala, according to the company’s shareholding pattern for the October to December 2021 quarter. Nishtha Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Aryaman Jhunjhunwala Discretionary Trust are the three trusts in which Rekha Jhunjhunwala has invested in this stock. Rekha Jhunjhunwala, as a trustee of the Nishtha Jhunjhunwala Discretionary Trust, owns 1,30,51,188 Metro Brands shares, or 4.81 percent of the company. She possesses 1,30,51,206 shares in Aryavir Jhunjhunwala Discretionary Trust and Aryaman Jhunjhunwala Discretionary Trust, representing a 4.81 percent ownership in each trust. As a result, Rekha Jhunjhunwala owns 3,91,53,600 Metro Brands shares, or 14.43 percent of the footwear company’s total paid-up capital.
Rise in Rakesh Jhunjhunwala’s net worth
Considering Rakesh Jhunjhunwala owns 10,07,53,935 Star Health shares, the net increase in Rakesh Jhunjhunwala’s net worth after the gain in this Rakesh Jhunjhunwala portfolio stock in the last month is about 550 crore (54.50 x 10,07,53,935).
Similarly, Rekha Jhunjhunwala owns 3,91,53,600 Metro Brands shares, and this Rakesh Jhunjhunwala stock has risen to 72.05 per share in the last month, resulting in a net increase in Rakesh Jhunjhunwala wealth of roughly 282 crore (72.05 x 3,91,53,600).
Rakesh Jhunjhunwala’s net worth increased by ₹832 crore ( ₹550 crore + ₹282 crore) in the last month as a result of the rise in these two freshly listed portfolio stocks.