NEW DELHI: Billionaire Rakesh Jhunjhunwala’s demise places a highlight on the almost $4 billion price of shares held by the famed investor, whose trades had been carefully scrutinised.
The person referred to as India’s Warren Buffett died of a reported cardiac arrest on Sunday on the age of 62. The self-made dealer invested in a large swathe of established companies and startups, and served on the boards of a number of companies in India.
Jhunjhunwala was among the many most influential market voices in Asia’s third-biggest financial system, with an intense following among the many nation’s rising horde of retail traders. The person often known as “Big Bull” was a fierce backer of the India progress story.
Jewelery retailer Titan was one of many largest and most worthwhile investments for the veteran dealer and his spouse Rekha Jhunjhunwala, making up for greater than a 3rd of their portfolio, in keeping with information compiled by Bloomberg.
Their different high holdings by market worth embrace Star Well being & Allied Insurance coverage, footwear maker Metro Manufacturers and automaker Tata Motors Jhunjhunwala held stakes of greater than 10% in Star Well being, IT agency Aptech and videogame maker Nazara Applied sciences.
Even Prime Minister Narendra Modi acknowledged the impression Jhunjhunwala had on the investing group. The “indomitable” investor made “an indelible contribution to the financial world,” Modi wrote in a tweet on Sunday.
The person referred to as India’s Warren Buffett died of a reported cardiac arrest on Sunday on the age of 62. The self-made dealer invested in a large swathe of established companies and startups, and served on the boards of a number of companies in India.
Jhunjhunwala was among the many most influential market voices in Asia’s third-biggest financial system, with an intense following among the many nation’s rising horde of retail traders. The person often known as “Big Bull” was a fierce backer of the India progress story.
Jewelery retailer Titan was one of many largest and most worthwhile investments for the veteran dealer and his spouse Rekha Jhunjhunwala, making up for greater than a 3rd of their portfolio, in keeping with information compiled by Bloomberg.
Their different high holdings by market worth embrace Star Well being & Allied Insurance coverage, footwear maker Metro Manufacturers and automaker Tata Motors Jhunjhunwala held stakes of greater than 10% in Star Well being, IT agency Aptech and videogame maker Nazara Applied sciences.
Even Prime Minister Narendra Modi acknowledged the impression Jhunjhunwala had on the investing group. The “indomitable” investor made “an indelible contribution to the financial world,” Modi wrote in a tweet on Sunday.
Rakesh Jhunjhunwala was indomitable. Lively, witty and insightful, he leaves behind an indelible contribution… https://t.co/AtkyDRUhnc
— Narendra Modi (@narendramodi) 1660449684000
