How much money has Rakesh Jhunjhunwala lost in the Titan stock?
Answer
Answer
It is estimated that with the 29% fall in the stock price of Titan, Rakesh Jhunjhunwala family would have lost close to Rs3,489 crore in notional value. The stock had recently touched a 9-month low of Rs1,925. The family holds 5.05% stake in Titan of which Rakesh holds 3.98% while his wife Rekha Jhunjhunwala holds 1.07% stake in Titan. This jewellery and watches company has been an old favourite of Rakesh Jhunjhunwala.