The final rites of Rakesh Jhunjhunwala, the ace inventory market investor and a promoter of the recently-launched Akasa Air, have been carried out on the Banganga Crematorium right here Sunday evening.
Rakesh Jhunjhunwala, who was not protecting properly for a while, died Sunday morning attributable to a cardiac arrest on the age of 62.
Son of an earnings tax officer, he’s survived by his spouse and three kids.
The cremation was scheduled to be held at 5:30 pm nevertheless it was delayed because the arrival of Rakesh Jhunjhunwala’s brother from Dubai was awaited.
Rakesh Jhunjhunwala was introduced lifeless on the metropolis’s Breach Sweet hospital early on Sunday morning. Affected by kidney illness and ischemic coronary heart illness, the hospital licensed that cardiac arrest was the reason for his dying.
Earlier within the day, a number of politicians chopping throughout get together traces, and company leaders condoled his dying.
Rakesh Jhunjhunwala grew up in Mumbai and after finishing his commencement from Sydenham Faculty in 1985, he enrolled on the Institute of Chartered Accountants of India.
A self-made dealer, investor and businessman, he was also called the ‘Huge Bull’ of Dalal Avenue.
Rakesh Jhunjhunwala had investments in additional than three dozen firms, probably the most helpful being watch and jewellery-maker Titan, a part of the Tata conglomerate.
His portfolio consists of firms like Star Well being, Rallis India, Escorts, Canara Financial institution, Indian Accommodations Firm, Agro Tech Meals, Nazara Applied sciences and Tata Motors.
With an estimated internet price of round USD 5.8 billion (about Rs 46,000 crore), Rakesh Jhunjhunwala was the thirty sixth richest billionaire in India, in response to Forbes’ 2021 itemizing.