Top investor Rakesh Jhunjhunwala passes away

Reuters Images/Shailesh Andrade

He was also known as the Big Bull of Dalal Street

Staff Writer, Khaleej Times

August 14, 2022

PHOTO

Rakesh Jhunjhunwala, one of India's top investors passed away at 62, earlier this morning.

According to ANI, the veteran investor died in Mumbai.

The billionaire business magnate had recently founded Akasa Air, India's newest low-budget airline.

Media reports say that the Big Bull was not keeping well. He was said to be in and out of the hospital.

Prime Minister Narendra Modi conveyed his condolences on the social media platform, Twitter.

He said: "Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti."

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.