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The Economic Times
The Economic Times
Debaroti Adhikary

Rekha Jhunjhunwala sells 1 crore Canara Bank shares in Q1. What's behind the move?

Rekha Jhunjhunwala Canara Bank Rakesh Jhunjhunwala

Rekha Jhunjhunwala sold over 1.07 crore shares of Canara Bank in the April-June quarter of the financial year 2027, according to the latest data on the PSU lender’s shareholding pattern, which shows the veteran investor's latest stake sale.

Rekha Jhunjhunwala held 12.92 crore shares, or 1.42% stake in Canara Bank at the end of Q1 FY27, as against 13.99 crore shares or 1.54% stake held at the end of Q4 FY26. This comes as the shares of the state-owned lender dropped over 18% in 2026 so far and over 4% in one month, after delivering 93% returns over three years and 316% in five years.

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