Rakesh Jhunjhunwala stake in DCB



Rakesh Jhunjhunwala picked up 12 lakh shares of Development Credit Bank (DCB)  in April 2011. Since then the shares of the mid sized bank have held ground even in weak market conditions.

Since then, every spurt in the stock has been attributed to Jhunjhunwala 's stake in the bank. And, thanks to such speculation, DCB shares have gained almost 25% in the past three months. But, latest official data does not support this speculation, as Jhunjhunwala's name was not part of the top public shareholders list on June 30 on the BSE.
But, latest official data does not support this speculation, as Jhunjhunwala's name was not part of the top public shareholders list on June 30 on the BSE.



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