Rakesh Jhunjhunwala bought Rs 260 crore shares of a midcap hospital chain in Q4

NEW DELHI: Ace investor Rakesh Jhunjhunwala significantly increased his holding in hospital chain Fortis Healthcare in the March quarter, as per data released by the company.

The data, released on Tuesday, shows the Big Bull bought 1.25 crore shares of the company, raising his holding to 4.31 per cent at the end of the March quarter, from 2.65 per cent in the previous quarter.

As of Monday's close, his holding in the company is valued at Rs 671 crore.


Rakesh Jhunjhunwala bought shares worth Rs 260 crore in the March quarter, as of the current price.

Fortis Healthcare shares, however, declined over 2% in afternoon trade on Tuesday following a positive opening.

The stock has delivered a 20.47% return to investors in the last three months.

Mutual funds also significantly increased their holding in the company in the final quarter of FY21. They held a 12.25 per cent stake in the company as of March 31, as against 4.99 per cent as of December 31.

Retail investors also raised their holding in the stock, to 4.91 per cent from 4.63 per cent.

On the other hand, foreign portfolio investors trimmed their holding to 34.42 per cent from 43.24 per cent.