Rekha Jhunjhunwala, the wife of the late investor Rakesh Jhunjhunwala, encountered a significant setback on Monday, losing over ₹800 crore. This loss stemmed from a sharp decline in the shares of Titan Company, which stands as the biggest investment for the Jhunjhunwala family. Titan, a part of the Tata group, has been a cornerstone of their portfolio. Rekha Jhunjhunwala reportedly holds a 5.35% stake in Titan as of March 31, 2024. However, this stake suffered a substantial devaluation compared to the previous Friday’s closing, indicating the severity of the decline in Titan’s share price.
The substantial drop in Titan’s share value has translated into a significant financial hit for Rekha Jhunjhunwala. Her holdings in the company were valued at a staggering ₹16,792 crore as of the previous week’s close. However, with the recent downturn, the value of her stake in Titan has plummeted, marking a notable loss for one of the leading figures in India’s investment landscape. This event underscores the inherent volatility and risks associated with the stock market, even for seasoned investors like the Jhunjhunwalas.
Rekha Jhunjhunwala experienced a significant setback on Monday as Titan shares plummeted over 7%. This decline followed disappointing March quarter earnings that failed to uplift investor sentiment, resulting in substantial losses for stakeholders like Jhunjhunwala
