Rakesh Jhunjhunwala raises stake in CRISIL Ltd, trims position in these 2 companies

Ace Investor Rakesh Jhunjhunwala has made three tweaks in his portfolio recently in the December quarter. Among many changes in December, the billionaire investor has increased stake in a global analytical company and reduced his stakes to below 1 per cent in a plastic products maker and a company catering to steel and power segments.    

Big bull of the Indian market, Jhunjhunwala has raised stake in rating agency CRISIL Ltd and trimmed his position to below 1 per cent in Prakash Pipes and Prakash Industries, showed recent corporate filing of these companies on the BSE.  

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CRISIL Ltd: The Indian Billionaire has raised his stake by 0.3 per cent in this rating agency. Against 3975000 shares or 5.46% stake in September quarter, Jhunjhunwala holds now 4,000,000 shares of aggregating to 5.59% stake in the company.  

Prakash Pipes: The celebrity investor has cut down his position to below 1 per cent in this pipe maker from 1.31% in September quarter. Jhunjhunwala held 3,12,500 shares of Prakash Pipes in the quarter ended September 30, 2021. Shares of Prakash Pipes were trading with gains of 4.95 or 3.02% to Rs 168.75 er share on the BSE on Friday.  

Prakash Industries: Jhunjhunwala held 1.40% or 25,00,000 equity shares of the Steel & Power company in September, which came down to below 1 per cent, showed BSE shareholding pattern of the company. Prakash Industries caters to Steel & power and mining sector and manufactures wire rods, TMT bars, structural steel, ferro alloys, PVC pipes etc.  Shares of Prakash Industries were trading at Rs 61.55, up RS 0.80, on the BSE on Friday.  

As per the latest corporate filings by companies, Rakesh Jhunjhunwala and Associates publicly holds 38 stocks with a net worth of over Rs. 34,507.2 crore as on January 21.