Ace investor Rakesh Jhunjhunwala along with his wife has offloaded 8% equity stake in biofuel company Praj Industries through block deals on Thursday. While, Rakesh Jhunjhunwala sold 1.22 crore shares, representing 6.87% stake of the company at Rs 75.06 per share, Rekha Jhunjhunwala sold 20 lakh shares at a price Rs 75 per share on the BSE. Meanwhile, HDFC Mutual Fund has bought 1.1 crore equity shares of the company at Rs 75.
In the quarter ended March 2014, Rakesh and his wife held 6.99% and 1.46% stake in the company, respectively.
Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems
