Ace investor Ashish Kacholia has picked up a 17.2% stake in homegrown burger chain Jumboking for an undisclosed amount, becoming its second-biggest shareholder.
Kacolia s investment in La Opala stood at 1.66% in the October-December period versus 1.59% in the preceding quarter. The hike comes despite a strong underperformance by the stock over the last 12 months where the shares of La Opala have witnessed a 7% price erosion.
Ashish Kacholia has brought down his stake in ADF Foods from 1.04% held as of September 2023. Shareholding of individual investors reflects in the ‘Shareholding Pattern of BSE listed companies only on reaching 1% stake or above in the company.