Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala has reportedly hiked her stake in Kesoram Industries by 3.56% to 6.83% via rights issue. This development came just a day after Rakesh Jhunjhunwala brought 5.14% equity stake in Firstsource Solutions. Antique brokers were the advisor of Firstsource Block Deal.
Kesoram is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.