The stake sales comprise almost 80% of Rakesh and Rekha Jhunjhunwala’s joint holding of over 1.9 million shares in the company as on June 30, 2021. The shareholding data as on September 30, 2021, did not reflect the stakes of the Jhunjhunwalas. Rakesh Jhunjhunwala passed away on August 14.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise