Big Bull Tracker: Rakesh Jhunjhunwala holds 1.4% stake in Escorts Kubota worth Rs 320 crore

The big bull Rakesh Jhunjhunwala holds 1.39 per cent stake or 1,830,388 equity shares in tractor manufacturer Escorts Kubota by the end of first quarter of the ongoing fiscal year. His stake is worth Rs 317.8 crore

However, Jhunjhunwala had tendered 3.57 percent equity, or 47,19,362 of his shares of the firm, according to an exchange filing on April 12. The ace investor held 75 lakh shares or 5.68 per cent stake in the company as of February 18.

Jhunjhunwala has been holding this counter since December 2015. However, he gradually trimmed his stake from more than 10 per cent back then.

Apparently, the ace investor re-entered the stock, after a hiatus of one quarter, which went through corporate restructuring and subsequent name change of the company from to Escorts Kubota.

Japanese tractor and heavy equipment maker Kubota owns 44.8 per cent stake in the company and might increase it further via open offer. The company also approved the 'reduction' of its share capital.

Promoters hold 72.9 per cent stake in the company, which was 28.10 per cent in earlier. Mutual funds shot up their holding to 6.08 per cent stake in Escorts Kubota from 0.28 per cent earlier.

FII have increased their stake to 4.24 per cent from 3.57 per cent. Number of foreign investors increased to 170 from 144 earlier. Remaining 14.85 per cent stake is with individual shareholders as of June 30.

As per the latest corporate shareholdings filed so far, Rakesh Jhunjhunwala and associates publicly holds 33 stocks with a net worth of over Rs 29,244.7 crore, the data from Trendlyne suggests.