Rakesh Jhunjhunwala, Rekha Jhunjhunwala stock surges over 6% after HDFC Mutual Fund buys additional stake in this casino stock

Rakesh Jhunjhunwala stock: This casino and gamic stock in ace investor Rakesh Jhunjhunwala's portfolio surged more than six and half per cent to Rs after HDFC Mutual Fund acquired an additional stake in the company.  

As per corporate filings of the company, the mutual fund house bought an additional 2.15% stake in Delta Corp.  

"We wish to inform you that there has been an increase in the shareholding of the Company by the Schemes of HDFC Mutual Fund by 2.15% as of June 10, 2022," said HDFC Mutual in a regulatory filing on Monday, June 13, 2022.  

As per the revised holding, HDFC MF now holds 9.21% stake in Delta Corp against 7.06% earlier.  

"As on June 10, 2022 the aggregate holding of the Schemes of HDFC Mutual Fund in the Company is 9.21% of the paid-up equity share capital of the Company (Paid up Equity Share Capital being Rs. 26,74,44,801/- comprising 26,74,44,801 Equity Shares of Rs. 1/- each)," it further said.  

Rakesh Jhunjhunwala, Rekha Jhunjhunwala stake in Delta Corp

The billionaire investor holds 7.5% stake amounting to 20,000,000 equity shares of the casino company for the quarter ended March 2022. The celebrity investor holds 4.3% stake in his name, while the remaining 3.2% stake in his wife Rekha Jhunjhunwala's name. 

As per the latest corporate shareholdings, Rakesh Jhunjhunwala and Associates publicly holds 33 stocks in the quarter ended March 2022. The value of these stocks have been pegged at Rs 28,852.5 crore as on June 14. 

At around 11 am, shares of Delta Corp were trading higher by over five per cent to Rs 189.40 per share on the BSE. The share price of the counter has remained flat in the past one year. As on June 14, Delta Corp shares gave a return of around four per cent in the last one year, showed technical data of the stock.