Rakesh Jhunjhunwala's Wife Loses Rs 800 Crore As Her Biggest Stock Bet Tanks
Rekha Jhunjhunwala, the wife of late investor Rakesh Jhunjhunwala, lost over Rs. 800 crore on Monday as the shares of the Titan Company posted a big decline. Titan, a Tata group company, has been the Jhunjhunwalas' biggest bet. Ms Jhunjhunwala reportedly holds a 5.35% stake in the firm, as of March 31, 2024. Her holding was worth Rs. 16,792 crore per Friday's closing. She suffered a big loss on Monday as Titan shares tanked over 7% after its March quarter earnings failed to cheer up the investors.
