Mumbai: Mumbai stockbroker and investor Rakesh Jhunjhunwala has acquired a 16 per cent stake in Tops Security Limited. Jhunjhunwala has also come on the board of directors of the Company.

According to. Jhunjhunwala, "TOPS growing at a rapid pace of 40-50 per cent per annum and has outpaced the industry growth rate of 20-21 per cent per annum. We always try to join hands with Companies who are leaders in their field and have strong fundamentals. "