Exit Subex, Reliance Broadcast; add Geometric, Autoline, DB Realty

Rakesh Jhunjhunwala and his family members have embarked on drive to reduce the number of companies in their equity portfolio. Over the last year, they have exited from two companies, and have strengthened shareholding in some stocks.

Shelving & adding

According to the latest disclosure of Shareholding on the Bombay Stock Exchange, Jhunjhunwalas have sold off their entire holding in Subex and Reliance Broadcast Network shares over the last one year. The ace investor held about 12.5 lakh shares or 1.8 per cent stake in Subex, according to shareholding data as of September 2011. He held about 17.51 lakh shares or 2.2 per cent stake in Reliance Broadcast Network.

The big bull of Dalal Street had earlier said that he wanted to reduce the number of companies in his portfolio over the next two or three years to bring down the risk factor. Last year, Jhunjhunwalas had exposure in about 29 companies.

Jhunjhunwala and his wife Rekha have increased exposure in some key companies. Geometric is one such company where he has bought stake over the last year. He held about 39,40,000 shares or 6.29 per cent stake at the end of September 2011. He now holds 93,86,250 or 14.95 per cent stake in the company.

Another company where they have increased stake is Autoline Industries. The latest data show that Rekha Jhunjhunwala holds 7.31 lakh shares or 5.99 per cent stake in the auto company. Jhunjhunwalas already own 5.25 lakh shares.

The 52-year old investor has increased his stake by 3.44 per cent over the last year in Viceroy Hotels.

On October 12, they also added DB Realty in their portfolio, by buying about 12.5 lakh shares through their investment arm Rare Enterprises.

Jhunjhunwala and family also invest through this arm. Their portfolio includes investments in both listed and unlisted companies.


(This article was published on November 1, 2012)
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