Titan shares fall as Jhunjhunwalas cut stake to lowest level since 2003

Shares of Tata Group's Titan Company fell on Thursday after billionaire investor Rakesh Jhunjhunwala cut his stake in the company during the April-June quarter. As per the previous closing price, Jhunjhunwala sold Titan shares worth ₹384 crore in the quarter. Jhunjhunwala and his wife Rekha now own 4.8% stake in Titan, their lowest holding since the June quarter of 2003.