Investor and trader Rakesh Jhunjhunwala and his family has sold partial stake in A2Z Maintenance and Engineering Services through open market transaction. Rakesh Jhunjhunwala, along with Rajeshkumar Jhunjhunwala, Rekha Jhunjhunwala and Sushila Gupta collectively sold 1.03 million shares representing 1.39% stake in the company on March 7 and March 8.
Post sale, the combined holding of these entities has declined to 19.91% from 21.29%. Meanwhile, the promoters hold 44.68% stake in the company as on December 31, 2012, have pledged 45.57% stake of their holding, the shareholding pattern data shows.
The company has been engaged in providing services to the power transmission and distribution sector with a focus primarily on the distribution segment.
