Investment Insight: Rakesh Jhunjhunwala's Share Acquisition in Titan Company

Initial Investment Opportunity

Mr. Rakesh Jhunjhunwala's journey into the Titan Company began with a meeting on March 3, where he expressed interest in investing Rs. 5 crore in the company. However, official confirmation and board approval were needed. On March 8, a significant opportunity presented itself. Amitabh Bachchan, the brand ambassador of Titan Company, informed Mr. Jhunjhunwala that the company could assist him if he wanted to make a purchase of shares worth Rs. 50 crores or more. This lucid moment allowed Rakesh Jhunjhunwala to seize the opportunity without delay, leading to the acquisition of 48 lakhs worth of shares on that very day.

At that time, each share of Titan Company was valued at Rs. 3, indicating a total investment of Rs. 144 crores. This bold move by Rakesh Jhunjhunwala, known for his shrewd investments, showed his faith in the potential of the company and reinforced his strategic financial acumen.

Titan Company's Shareholding Structure

Titan Company Ltd., a well-respected lifestyle company in India, has a robust shareholding pattern. The company, established in 1984 as a joint-venture between the TATA Group and Tamil Nadu Industrial Development Corporation (TIDCO), has grown to be a leader in watches, jewellery, and eyewear. This growth is attributed to its trusted brands and differentiated customer experience.

According to the stockholding pattern for the first quarter of 2022 (October to December 2021), Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold significant shares in the company. Rakesh's ownership of 35,710,395 shares translates to 4.02 percent of the total issued, paid-up capital of the company. This indicates his substantial investment and commitment to Titan Company.

Key Takeaways:

Rakesh Jhunjhunwala invested Rs. 144 crores in Titan Company in March 2022. He acquired 48 lakhs worth of shares valued at Rs. 3 per share. As of the first quarter of 2022, Rakesh Jhunjhunwala holds 4.02 percent of the company's capital.

Disclaimer and Caution

Please note that the information provided is for educational and learning purposes only. Before making any investment decisions, individuals are advised to consult with a financial advisor. This information is subject to change and should be verified for the latest details.

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