New Delhi, July 10: Ace investor Rakesh Jhunjhunwala's wife Rekha has acquired 60 lakh shares in Kesoram Industries taking her shareholding in the B K Birla-promoted company to around seven per cent.
The shares were acquired through a rights issue. The company had recently offered its shareholders to buy additional shares in the ratio of 7:5 at Rs 65 apiece.
Through a rights issue, a firm allows the existing shareholders a right to buy additional shares in the company at a specific price.
Before this acquisition, Rekha Jhujhunwala held 15 lakh shares, amounting to 3.2793 per cent stake in Kesoram Industries. Post-acquisition, Rekha owns 75 lakh shares or 6.8326 per cent stake in Kesoram Industries which has interests in areas like cement, tyres and heavy chemicals, among others.
Kesoram Industries' shares are listed on the BSE, National Stock Exchange and Kolkata Stock Exchange. The company shares were trading at Rs 68 apiece during the afternoon trade on the BSE.
As of March-end, promoters held 27.12 per cent stake in the company and state-run insurer LIC had over 10 per cent stake.
