Rekha Jhunjhunwala inches up stake to 1.46% in Canara Bank, stock up 7% in 3 days

Shares of Canara Bank surged 7% to Rs 94.50 in three days after star investor Rekha Jhunjhunwala, wife of the late Rakesh Jhunjhunwala, increased her stake in the public sector lender to 1.46% as of the quarter ended March 2025.

This was up from 1.42% at the end of the December 2024 quarter, which was held by the estate of the late Mr. Rakesh Jhunjhunwala. The entire stake of 1.46% or 13,24,43,000 shares is now owned by Rekha Jhunjhunwala.

It should be noted that the estate of the late Rakesh Jhunjhunwala is managed by his wife Rekha along with Rare Enterprises. Jhunjhunwala held stakes in over 30 publicly listed companies. His wife, Rekha Jhunjhunwala, inherited the estate and is also the executor.


As per the latest corporate shareholding disclosures, Rekha Jhunjhunwala publicly holds 22 stocks with a net worth of over Rs 31,391.5 crore, according to Trendlyne data.

According to Trendlyne, her top holdings include Aptech (21%), NCC (12.5%), Metro Brands (9.6%), Va Tech Wabag (8%), Singer (6.9%), and Crisil (5.2%), among others, as of December 31, 2025.

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According to the shareholding pattern as of March 31, 2025, the promoter and promoter group of Canara Bank hold a 62.93% stake in the bank, while the remaining 37.07% is held by public shareholders.

India’s largest life insurer, Life Insurance Corporation of India (LIC), holds 51,89,25,972 shares in Canara Bank, representing a 5.72% equity stake as of the March 2025 quarter.

Meanwhile, foreign institutional investors (FIIs) hold 0.01% in the bank, while significant individual investors (resident individuals holding nominal share capital in excess of Rs 2 lakhs) hold a 4.46% stake.

Around 11:15 am today, shares of Canara Bank were trading nearly 2% higher at Rs 94.42 on the BSE.

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