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Billionaire Rakesh Jhunjhunwala Passes Away As we speak Reside Updates: The inventory market was in shock when the information of veteran investor Rakesh Jhunjhunwala’s passing made the headlines on Sunday morning. The billionaire whose internet value was USD 5.8 billion based on Forbes, died on the age of 62 in Mumbai. In keeping with a PTI report, he handed away attributable to a cardiac arrest.
Also Read: Rakesh Jhunjhunwala passes away at 62; Ace investor was known as Warren Buffett of India
Often known as India’s Warren Buffet, Jhunjhunwala had not too long ago teamed up with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh to launch Akasa Air, India’s latest funds provider. An investor with Midas contact, Jhunjhunwala was additionally the forty eighth richest individual within the nation, reported PTI.
Also Read: This is what caused Rakesh Jhunjhunwala’s untimely death
He additionally had investments in lots of corporations together with Star Well being, Rallis India, Escorts, Canara Bank, Indian Motels Firm, Agro Tech Foods, Nazara Applied sciences, Tata Motors, and naturally the watch and jewelry maker, Titan. Jhunjhunwala was additionally the chairman of Hungama Media and Aptech. He was additionally a part of the board of administrators of companies resembling Viceroy Motels, Harmony Biotech, Provogue India and Geojit Financial Services. In keeping with PTI, his 5.05 per cent holding in Titan alone is value over Rs 11,000 crore.
Akasa Air on the demise of its founder Rakesh Jhunjhunwala
Akasa Air in an announcement on Sunday morning expressed that they’re deeply saddened by the premature demise of Rakesh Jhunjhunwala. The assertion additional mentioned, “Akasa Air will honour Rakesh Jhunjhunwala’s legacy, values, and perception in us by striving to run a fantastic airline. We at Akasa can’t thank Mr. Jhunjhunwala sufficient for being an early believer in us and placing his belief and religion in us to construct a world-class airline. Mr. jhunjhunwala had an invincible spirit, was deeply enthusiastic about all the things Indian and cared vastly for the well-being of our workers and prospects. Akasa Air will honour Mr. Jhunjhunwala’s legacy, values and perception in us by striving to run a fantastic airline.”
Keep tuned with financialexpress.com to get recent updates on Rakesh Jhunjhunwala’s loss of life.
Reside Updates
Veteran Investor Rakesh Jhunjhunwala Demise Reside Updates:
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