Superstar Investor Alert: Rakesh Jhunjhunwala buys 1.59% stake in Canara Bank

by 5paisa Research Team Last Updated: Jul 06, 2022 - 02:55 pm 54.3k Views

Ace stock market investor Rakesh Jhunjhunwala has bought 1.59% stake in Canara Bank as per data from BSE. 

As per data filed on the stock exchange portal, Jhunjhunwala, widely known as ‘Big Bull’ has bought 2,88,50,000 shares of the public sector bank. Canara Bank recently closed a Rs 2500 crore qualified institutional placement (QIP) offer and allotted 16.73 crore shares to investors.

As per the filings, the QIP issue was allotted to the investors at Rs 149.35 per share. The QIP issue opened on August 17 and closed on August 23. Besides Rakesh Jhunjhunwala, the QIP issue was subscribed by large institutional investors like state-run insurer LIC, Societe Generale, Indian Bank, Volrado Venture Partners, Morgan Stanley Asia (Singapore) Pte and ICICI Prudential Life Insurance. 

LIC was the largest investors and subscribed to 15.91 % of the QIP issue, followed by 12.55% by BNP Paribas Arbitrage, 7.97% of Societe General. Shares of Canara Bank were trading at Rs 151.50, down 2.7%. 

Rakesh Jhunjhunwala is listed third in the Trendlyne Superstar Investors listing with a neworth of Rs 19,670 crore, while his wife Rekha Jhunjhunwala has a networth of Rs 4319.05 crore as per latest data. 
Jhunjhunwala is known for his successful wealth creation through investments in Titan Company Ltd, Tata Motors Ltd and Crisil Ltd. To know more about his latest portfolio read our earlier story. 

To know more about other superstar portfolios read these stories. 

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
How to check the allotment status of SignatureGlobal India IPO

SignatureGlobal India Ltd IPO gets a modest to healthy response

  • Sep 22, 2023
How to check the allotment status of Sai Silks Kalamandir IPO

The ₹1,201 crore IPO of Sai Silks (Kalamandir) Ltd consisted of a fresh issue of ₹600 crore and an offer for sale (OFS) of ₹601 crore.

  • Sep 22, 2023
Weekly Outlook on Copper- 25-Sep-2023

Copper witnessed a significant decline of -1.3%, trading at 715, primarily due to the strengthening dollar and increasing metal inventories. LME inventories surged to their highest level since May 2022, reaching 162,900 tons.  Copper price slips lower amid higher dollar and inventory concerns

  • Sep 22, 2023