The death of Indian billionaire Rakesh Jhunjhunwala highlights nearly $4 billion worth of shares held by the renowned investor whose trades were closely scrutinised.
known as man Warren Buffett of India Died of a reported cardiac arrest on Sunday at the age of 62. The self-made businessman made extensive investments in established businesses and startups, and served on the boards of several Indian firms.
Jhunjhunwala One of the most influential market voices in Asia’s third-largest economy, the country had an intense following among a growing crowd of retail investors. The man, also known as the “Big Bull”, was a staunch supporter of India’s growth story.
Jewelery retailer Titan Company was one of the biggest and most profitable investments for the veteran businessman and his wife. Rekha JhunjhunwalaHe accounts for more than a third of his portfolio, according to data compiled by Bloomberg.
His other top holdings by market value include Star Health and Allied Insurance Company, footwear maker Metro Brands Ltd and automaker Tata Motors Ltd. Jhunjhunwala holds over 10% stake in Star Health, IT firm Aptech Ltd and videogame maker Najra Technologies. Ltd.
and also Prime Minister Narendra Modi Acknowledged Jhunjhunwala’s impact on the investment community. The “indefatigable” investor made “an indelible contribution to the financial world”, Modi wrote in a tweet on Sunday.
This story has been published without modification in text from a wire agency feed. Only the title has been changed.
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