Ace investor Rakesh Jhunjhunwala’s wife Rekha has bought 60 lakh shares in Kesoram Industries through rights issue. The company had recently offered its shareholders to buy additional shares in the ratio of 7:5 at Rs 65 apiece. Following the allotment of 60 lakh shares, Rekha now owns 75 lakh shares or 6.8326% stake in Kesoram Industries. Rekha Jhujhunwala initially had 15 lakh shares, amounting to 3.2793% stake in Kesoram Industries before the acquisition of shares which were credited to her account on July 3.
Kesoram Industries (KIL) 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.
