Shares of Exicom Tele-Systems hit a lower circuit on Thursday, following news that Rakesh Jhunjhunwala's RARE Enterprise had reduced its holding in the company. RARE Enterprise sold 15,85,000 shares, equivalent to a 1.3% stake, at an average price of ₹348.60 per share. The total value of the stake sale amounted to ₹55.25 crore, according to exchange data.