Ace investor Rakesh Jhunjhunwala has earned Rs 832 crore through the shares of Metro Brands and Star Health Insurance in the last one month.
The shares of recently-listed Star Health Insurance have risen by Rs 54.50 in a month, rising from Rs 686.60 to Rs 741.10 apiece. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together held 10,07,53,935 company shares or 17.50 per cent stake in the company at the end of December quarter last fiscal. Jhunjhunwala earned Rs 550 crore from Star Health shares in the last one month.
Shares of Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company were assigned buy calls by two leading brokerages within a week. Jhunjhunwala and his wife Rekha are the second-largest shareholders in the company with an 18.21 per cent stake. Safecrop Investments India LLP is the biggest shareholder with 47.77 per cent stake.