Geojit Financial shares jump after 15% equity changes hands; Rekha Jhunjhunwala owns substantial stake

Shares of Geojit Financial Services Ltd. fell up to 3% on Monday, December 15, but recovered from opening lows to trade with gains, after a large trade that took place in the stock after market open.

As many as 4.25 crore shares or 15.25% equity of the company changed hands in multiple large transactions, according to the data available.

Shares changed hands at an average price of ₹68 per share, which takes the total transaction value to ₹290 crore.

Buyers and sellers in the transaction are not officially known just yet.

As per the shareholding pattern at the end of the September quarter, promoters of Geojit Financial Services have a 51.73% stake in the company. Among the promoters, BNP Paribas SA had a 22.13% stake at the end of the September quarter.

Among prominent public shareholders, Rekha Jhunjhunwala had a 7.2% stake in the company at the end of the September quarter.

Close to 1 lakh retail shareholders, or those with authorized share capital of up to ₹2 lakh, have a 18.78% stake in the company as of September 30. Mutual Funds have negligible ownership of the stock.

Shares of Geojit Financial Services are now trading with gains of 2.5% after the large trade at ₹71.66. The stock is down 40% so far on a year-to-date basis.