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August 14, 2022 / 11:07 PM IST

RIP Rakesh Jhunjhunwala: India Inc, politicians, market experts condole demise; Rare Enterprises says ace investor 'planned' transition

"Rakesh Jhunjhunwala, a true nationalist , lived a life committed to the India story. His unwavering belief in Indian entrepreneurs and enterprise will certainly outlive him. True to his nature and unerring eye for detail, he had planned and meticulously executed a smooth transition to sustain and enhance his legacy," Rare Enterprises said.

Ace investor Rakesh Jhunjhunwala, known as the 'Big Bull' of Dalal Street, died on August 14 after suffering from a cardiac arrest. The billionaire investor is survived by his wife Rekha and three children.
  • August 14, 2022 / 11:06 PM IST

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  • August 14, 2022 / 10:29 PM IST

    The mortal remains of Rakesh Jhunjhunwala will be cremated shortly at the crematorium in Mumbai. The late ace investor's family members and friends are paying their final tributes to him. The funeral was earlier to be held at 5:30 pm, but it was delayed as the arrival of Jhunjhunwala's brother from Dubai was awaited.

  • August 14, 2022 / 09:05 PM IST

     Rakesh Jhunjhunwala planned, 'meticulously executed' smooth transition to sustain his legacy, says Rare Enterprises

    "Rakesh Jhunjhunwala, a true nationalist , lived a life committed to the India story. His unwavering belief in Indian entrepreneurs and enterprise will certainly outlive him. True to his nature and unerring eye for detail, he had planned and meticulously executed a smooth transition to sustain and enhance his legacy. On this day, as India enters her 76th year of independence, we pledge ourselves to fulfill his dreams and vision. We are confident that our investee companies will continue to prosper and conquer new heights," Rare Enterprises said in a statement.

  • August 14, 2022 / 08:46 PM IST

    According to Mark Matthews, managing director at Julius Bear, Jhunjhunwala proved that one can make a "lot of money" in Indian market by picking good companies. "He had a way of staying through, as most people talk about Titan, but that is not the only one."

    "Jhunjhunwala's passion for the market too is something we have to acknowledge. He once said market and cooking both need to be taught," Matthews added. Read full report

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  • August 14, 2022 / 07:10 PM IST

    'Big Bull' Rakesh Jhunjhunwala, India's answer to Warren Buffett, held the young nation in thrall as he aggressively invested in her future growth and bubbling aspirations. Jhunjhunwala, 62, died on Saturday after a prolonged illness. He leaves behind grieving millions who loved his brash, devil-may-care attitude at a time when India celebrates her 75th Independence Day. Read more

  • August 14, 2022 / 06:10 PM IST

    Rakesh Jhunjhunwala's Mortal Remains to be Taken to Crematorium at 10:30 pm

    - Ace investor Rakesh Jhunjhunwala’s mortal remains will be taken to a crematorium in Mumbai at 10:30 pm. His last rites will be performed in the night after his brother arrives from Dubai.

  • August 14, 2022 / 05:11 PM IST

    My strongest memory will always be his unshakeable patriotism, tweeted Anand Mahindra ##My strongest memory will always be his unshakeable patriotism, tweeted Anand Mahindra

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  • August 14, 2022 / 04:54 PM IST

    My boisterous neighbour, the Pied piper of our stock markets, a ‘Rare’ man with a big heart, tweeted Harsh Goenka about Rakesh Jhunjhunwala ##My boisterous neighbour, the Pied piper of our stock markets, a ‘Rare’ man with a big heart, tweeted Harsh Goenka about Rakesh Jhunjhunwala