‘Can’t thank Jhunjhunwala enough…’: Akasa Air promises to honor his legacy

“We at Akasa cannot thank Mr. Jhunjhunwala It is enough to trust us early and place our trust and confidence in us to build a world class airline. Mr. Jhunjhunwala had an invincible spirit, deeply passionate about everything Indian and cared a lot for the well being of our employees and customers. Akasa Air will honor Mr. Jhunjhunwala’s legacy, values ​​and belief in us by striving to run a great airline.” akasa air shared.

Jhunjhunwala was a chartered accountant by profession from the desert state of Rajasthan, and started dabbling in stocks while in college and managed a stock trading firm, Rare Enterprises. A family member said, “Rakesh ji passed away amidst his family and close associates.” Reuters.

The promoter of India’s latest airline, ultra low-cost Akasa Air, Jhunjhunwala appeared at its public launch a few days back, and is survived by his wife and three children. Reuters The report said.

Jhunjhunwala’s excellent communication skills help small investors understand the stock market, said businessmen and bankers based in India’s financial capital Mumbai, who interacted with him for more than 30 years and his insights on the economy and companies gave him an insight into the market. made popular TV celebrity, the report said.

Jhunjhunwala’s stakes include several companies run by the Tata Group, one of India’s largest conglomerates. These include Tata Motors, watch maker Titan, Tata Communications and Indian Hotels Company, which runs Taj Hotels. Other investments include Indiabulls Housing Finance, Star Health Insurance and Federal Bank, the report said.

(with inputs from Reuters)

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