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Veteran stock investor and billionaire businessman Rakesh Jhunjhunwala has passed away at the age of 62. He breathed his last at Breach Candy Hospital in Mumbai. According to the hospital, Rakesh was ailing for the past few days. The whole world is shocked by the news of Jhunjhunwala’s demise. Many people including Prime Minister Narendra Modi, Home Minister Amit Shah and Union Minister Piyush Goyal have expressed grief over his death. Expressing grief over his death, PM Modi wrote – Rakesh Jhunjhunwala was indomitable. He was full of life, funny and practical. Rakesh has left behind an indelible contribution to the financial world. He always talked about the progress of India. His passing is sad. My condolences to his family and fans. om Shanti.
At the same time, Home Minister Amit Shah wrote while condoling – Sad to know about the demise of Rakesh Jhunjhunwala ji. His experience and understanding of the stock market has inspired countless investors. He will always be remembered for his lofty vision. My deepest condolences to his family. Om Shanti Shanti.
Union Minister Piyush Goyal wrote – Deeply saddened by the demise of veteran investor Rakesh Jhunjhunwala. He was the inspiration for creating wealth worth crores. My heartfelt condolences to his family, friends and fans. om Shanti.
Expressing grief, BJP President JP Nadda wrote – I am saddened by the shocking news of the demise of veteran investor, industrialist and stock trader Shri Rakesh Jhunjhunwala this morning. May God rest the departed soul and may Lord Ram give strength to his family members and loved ones. om Shanti.
Defense Minister Rajnath Singh wrote – Shocked by the sudden demise of veteran investor Shri Rakesh Jhunjhunwala. He will be remembered for his contribution to trade and industry. He was at the fore in creating an investment culture in the Indian stock markets. Condolences to his family and many fans.
Expressing grief, Finance Minister Nirmala Sitharaman wrote – Rakesh Jhunjhunwala is no more. Investor, bold risk taker, excellent understanding of stock market, clear in communication – a leader in his own right. I remember the many conversations we had. There was a strong belief in India’s strength and capabilities.
Rakesh Jhunjhunwala, who has invested in a variety of businesses, recently also invested in Akasa Airlines. Jhunjhunwala had 40 percent stake in it. This investment was made at a time when most airlines are making losses. Akasa Airlines purchased 72 Boeing 737 MAX aircraft for its flights by the American aerospace company. Expressing grief, Jyotiraditya Scindia wrote – Rakesh Jhunjhunwala was not only a shrewd businessman, but he had invested diligently in India’s growth story. He will be remembered for giving India the new airline ‘Akasa’. My deepest condolences to his family and loved ones. Apart from this, many veteran leaders including Baijayant Panda, Himanta Biswa Sharma and Priyanka Chaturvedi have also expressed grief.
Expressing grief, Gautam Adani, Chairman of Adani Group, wrote – Deeply saddened by the untimely demise of India’s greatest investor. Rakesh Jhunjhunwala with his brilliant ideas inspired an entire generation to believe in our equity market. We will miss them. India will miss him. We will never be able to forget them.
Karnataka Chief Minister Basavaraj Bommai wrote – Shocked and saddened by the untimely demise of veteran stock trader and investor Rakesh Jhunjhunwala this morning. A role model for many young investors, he was an institution in his own right. May his soul rest in peace and may God give strength to his family and friends to bear this heavy loss.
Rakesh Jhunjhunwala was one of the biggest investors in the stock market. When he was in college, he started trying his hand in the stock market. He enrolled in the Institute of Chartered Accountants of India. It was only after graduating from here that he started trying his hand in the stock market. Jhunjhunwala started investing in 1985 with Rs 5,000. By September 2018, this investment had increased to Rs 11,000 crore.
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Veteran stock investor and billionaire businessman Rakesh Jhunjhunwala has passed away at the age of 62. He breathed his last at Breach Candy Hospital in Mumbai. According to the hospital, Rakesh was ailing for the past few days. The whole world is shocked by the news of Jhunjhunwala’s demise. Many people including Prime Minister Narendra Modi, Home Minister Amit Shah and Union Minister Piyush Goyal have expressed grief over his death.