Canara Bank
Rekha Jhunjhunwala decreased her stake in Canara Bank from 1.54% to 1.42%, selling 10,725,000 shares worth approximately ₹141.34 crore at ₹131.80 apiece.
A major public sector bank headquartered in Bangalore, it operates across India's financial services sector through an extensive network of branches and digital banking channels. Established in 1906 and nationalized in 1969, the bank provides comprehensive retail and corporate banking services, including deposits, lending, investment products, and wealth management solutions. Following its merger with Syndicate Bank in 2020, it significantly strengthened its market presence and expanded service capabilities nationwide.
Co-founder of RARE Enterprises, the private investment firm she built with India's greatest investor, Rakesh Jhunjhunwala. Since Rakesh's passing in August 2022, Rekha has continued the same conviction-driven, long-hold philosophy. The portfolio is anchored by massive positions in Titan Company, Tata Motors, and Star Health Insurance, stocks held for decades, not months. Disclosed portfolio: ~₹52,000 Cr across 29 stocks. Forbes net worth: ~$8.6 billion. India's most-watched shareholding filing, every quarter.