HighNegative
Announced Thu, 23 Jul · 15:43 IST
Rekha Jhunjhunwala sells over 7 crore Star Health shares in Q1. Details here
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Rekha Jhunjhunwala sold approximately 7.38 crore shares of Star Health during Q1 FY27, bringing the promoter holding under Rakesh Jhunjhunwala and Associates to nil from 1.55% in the previous quarter. The exit comes after the stock surged nearly 29% in the April-June quarter and about 50% from its January low of Rs 416.55 to a 52-week high of Rs 623.90. The Jhunjhunwala family's association with Star Health dates back to its 2021 IPO, when the late Rakesh Jhunjhunwala held a 14.98% stake acquired at an average price of Rs 155.28 per share.