Tiger Strategies Fund-I has pared its stake in Shankesh Jewellers, a Mumbai-based jewellery wholesaler, by 0.55 percentage points through open-market transactions on October 26. Shankesh Jewellers shares appeared to react to the transaction, falling 4.86 percent to Rs 90.61 on Monday and extending their decline for a third consecutive session. Tiger Strategies Fund-I sold 8.21 lakh shares, representing 0.55 percent of the company's paid-up equity, for Rs 7.5 crore at Rs 91.76 per share.