Billionaire investor Rakesh Jhunjhunwala passes away

HY News 14 August, 2022 11:45 am IST

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Ace investor Rakesh Jhunjhunwala died this morning at a Mumbai hospital. He was 62. Rakesh Jhunjhunwala was rushed to the Breach Candy Hospital at around 6.45 am where he was declared dead on arrival.

According to sources, Jhunjhunwala was suffering from multiple health issues including kidney ailments and had been discharged from the hospital a few weeks ago.

Jhunjhunwala, also known as ‘India’s Warren Buffett’, began investing in the stock market in the early 1980s and managed his portfolio through his asset management firm RARE Enterprises.

Jhunjhunwala was a director at three firms — RARE Equity Private ltd, RARE Family Foundation and HOPE Film Makers, besides at five limited liability partnership firms.

Jhunjhunwala was also chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.

Jhunjhunwala has also successfully invested in Titan, CRISIL, Sesa Goa, Praj Industries, Aurobindo Pharma, and NCC over the years.

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