Ratan Tata on Sunday said noted investor Rakesh Jhunjhunwala will always be remembered for his jovial personality, kindness and foresight along with his keen understanding of the markets.
Ratan Tata said that well-known investor Rakesh Jhunjhunwala will be remembered for his cheerful personality, kindness and farsightedness.
Eminent investor Rakesh Jhunjhunwala will always be remembered for his jovial personality, kindness and vision, along with his keen understanding of the markets, Tata Group’s honorary chairman Ratan Tata said on Sunday. Jhunjhunwala The company had invested in more than three dozen companies, including Titan, a unit of the Tata group. Apart from this, his portfolio includes Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors.
Ratan Tata said in his condolence message that Jhunjhunwala will always be remembered for his deep understanding of India’s stock markets. He will also be remembered for his cheerful personality, kindness and farsightedness. He said that my condolences are with his family, who have to bear the burden of this great loss.
Jhunjhunwala died of a heart attack on Sunday morning.
died at the age of 62
Let us tell you that Rakesh Jhunjhunwala, a veteran investor in the stock market and called Warren Buffet of India, died of a heart attack on Sunday morning. He was 62 years old. His net worth was $5.8 billion (Rs 46,000 crore).
A source in Jhunjhunwala’s recently launched airline Akasa Air said that Jhunjhunwala suffered a heart attack on Sunday morning. He was immediately taken to Breach Candy Hospital but had passed away by the time he reached the hospital. His last rites will be performed on Sunday evening after his brother’s arrival from Dubai.
Rakesh Jhunjhunwala has left behind his wife and three children. He was keeping unwell for some time. He had some problem with his kidney. In his last public event, he came in a wheelchair.
Jhunjhunwala started investing in Indian stock markets during his college days with a capital of only Rs 5,000. He recently started the country’s new economical airline ‘Akash Air’ along with former Chief Executive Officer (CEO) of Jet Airways Vinay Dubey and former IndiGo chief Aditya Ghosh.
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