Ratan Tata's company made Jhunjhanwala's wife earn thousand crores, know how

Considering Rekha Jhunjhunwala's shareholding in Titan Company Limited, Rekha Jhunjhunwala's net worth has increased by more than Rs 1,000 crore due to increase in Titan share price in the last two weeks, according to BSE website.

Shares of Titan Company Limited have been on a steady rise since the Union Budget 2023. After closing at around Rs 2,310 level on February 2, 2023, Titan share price has been on an upswing for the last two weeks. At present, this stock of Tata Group has increased from Rs 2,310 to Rs 2,535 per share. Because of which Rakesh Jhunjhunwala 's wife Rekha Jhunjhunwala has earned one thousand crore rupees.

How Rekha Jhunjhunwala's net worth increased

According to the shareholding data of Titan Company for the October to December 2022 quarter, Rekha Jhunjhunwala holds 4,58,95,970 shares of Titan, which is 5.17 per cent of the total paid-up capital of Titan Company Limited. Today the price of Titan share is around Rs 2,535. It has reached the level of Rs 2,535 today from the level of Rs 2,310 in the last two weeks, which means that the company's stock has seen an increase of Rs 225 during this period.

Considering Rekha Jhunjhunwala's shareholding in Titan Company Limited as per the shareholding pattern of the company available on BSE website, Rekha Jhunjhunwala's net worth has increased by approximately Rs 10,32,65,93,250 or so due to increase in Titan share price in last two weeks. Say there has been an increase of more than Rs 1,000 crore.

Have less share

Rekha Jhunjhunwala's net worth could have increased further in the last two weeks if she had not reduced her stake in this Tata Group company. As per the shareholding pattern of Titan Company Limited for the July to September 2022 quarter, Rekha Jhunjhunwala held 1,50,23,575 Titan shares or 1.69 per cent stake in the company. Her late husband Rakesh Jhunjhunwala held 3,41,77,395 shares of Titan Company or 3.85 per cent stake in the company. So, Jhunjhunwala couple held 4,92,00,970 shares of Titan, which was 5.54 per cent of the total paid-up capital of the company.

As of Q3FY23 shareholding pattern of the company, Rekha Jhunjhunwala holds 4,58,95,970 Titan shares or 5.17 per cent stake in the company. This means, Rekha Jhunjhunwala reduced her stake in this Tata Group company by selling 33,05,000 shares of Titan Company or 0.37 per cent stake in the company during the October to December 2022 quarter.