Rekha Jhunjhunwala, India's Warren Buffett lost Rs 800-Crore: What exactly happened today?

Who is Rekha Jhunjhunwala?

    Rekha Jhunjhunwala is a prominent Indian investor known for her investments in the stock market. She is the wife of Late Rakesh Jhunjhunwala.

Credit: X

Her portfolio

    The most valuable listed holding in the portfolio is watch and jewelry maker Titan, part of the Tata Group.

Credit: X (Forbes)

What happened in the stock market?

    Rekha lost over Rs 800 crore as the stock of Titan fell more than 5% on May 7, after it reported the Q4 results.

Credit: unsplash

Why she faced loss?

    Rekha Jhunjhunwala holds almost 5.35% of the stake in Tata Group, which is worth Rs 16,792 crore as per the closing price on Friday.

Credit: pinterest/creativemarket

How much did Titan drop?

    The share price of Titan Company Ltd dropped on May 7 and stands at almost Rs 3,248.65. Following this, Rekha Jhunjhunwalas investment value in the brand is now at Rs 15,986 crore, down Rs 805 crore.

Credit: pinterest

Net Worth

    According to Forbes, Rekha Jhunjhunwala’s net worth is USD 8 Billion as of date.

Credit: ANI

Special Coverage