Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala, has likely earned a dividend income of Rs 224 crore for the quarter ended March 2024 from her portfolio estimated to be worth Rs 37,831 crore.
Rekha Jhunjhunwala’s portfolio is estimated to be worth Rs 37,831 crore from which, as per the March quarter shareholding pattern, she earned a dividend income of Rs 224 crore.
Going by March quarter shareholding pattern, Jhunjhunwala earned a dividend income of Rs 52.23 crore from Titan Company, Rs 42.37 crore from Canara Bank, Rs 27.50 crore from Valor Estate, Rs 17.24 crore from NCC and Rs 12.84 crore from Tata Motors among others.
Other companies where Jhunjhunwala holds a stake are CRISIL, Escorts Kubota, Fortis Healthcare, Geojit Financial Services, The Federal Bank among others which have fetched nearly Rs 72.49 crore worth of dividend income for the fourth quarter of FY24, according to Ace Equity data.
Top three Rekha Jhunjhunwala are Titan, Tata Motors and Metro Brands. In Titan Company, she holds a 5.4% stake worth Rs 16,215 crore and in Tata Motors she holds a 1.3% stake worth Rs 4,042 crore while her stake in Metro Brands amounts Rs 3,059 crore, the report claimed citing Trendlyne data.
In total, Rekha Jhunjhunwala holds more than 1 per cent stake in 26 companies listed on the exchanges which declared dividend for its shareholders for FY24.
Moreover, in the March quarter of the financial year 2024, Rekha Jhunjhunwala increased her shareholding in Valor Estate by 1.66% and Agro Tech Foods by 0.38%, the report claimed. She has reduced her holding in Geojit Financial Services, Canara Bank, NCC, Fortis Healthcare, Nazara Technologies and Federal Bank, it added.
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