Jhunjhunwala sells substantial stake in Indiabulls Real Estate

Billionaire investor Rakesh Jhunjhunwala has sold a substantial portion of his stake in Indiabulls Real Estate Limited. His name is missing from the company's key shareholder's list but the quantum of shares he has sold is not yet clear. According to Indiabulls' Q3 FY22 shareholding data, Jhunjhunwala held five million shares, or a 1.1% stake, in the real estate firm.