Inventory investor Rakesh Jhunjhunwala, dubbed “India’s Warren Buffett” with an estimated web price of $6 billion, died early on Sunday at age 62. A chartered accountant by occupation from the desert state of Rajasthan, Jhunjhunwala began dabbling in shares whereas in faculty and went on to handle a inventory buying and selling agency, RARE Enterprises.
Right here is how India Inc in paying tributes to veteran inventory market investor Rakesh Jhunjhunwala, who handed away early this morning:
“Extraordinarily saddened by the premature passing away of probably the most legendary investor that India has had. Shri Jhunjhunwala impressed a whole technology to imagine in our fairness markets along with his sensible views. We are going to miss him. India will miss him however we’ll always remember him. RIP,” Gautam Adani tweeted.
Veteran banker Deepak Parekh mentioned Jhunjhunwala was a modern-day legend with the optimism that gave a fillip to the Indian market trajectory.
“He was a robust proponent of Indian enterprise and the following uptick of the India development story,”he mentioned. “He believed within the caliber and innovativeness of the standard Indian entrepreneur, asserting at all times that India wouldn’t solely meet all geopolitical challenges however emerge because the entrance runner of the world economic system.”
Banker Uday Kotak mentioned: “Rakesh Jhunjhunwala: my faculty and faculty mate. One 12 months my junior. Believed inventory India was undervalued. He’s proper. Amazingly sharp in understanding monetary markets. We spoke recurrently, extra so throughout Covid. Will miss you Rakesh!”
Mining baron Anil Agarwal mentioned Jhunjhunwala will perpetually be often known as the person who popularised public understanding of inventory markets.
“Breaks my coronary heart to know {that a} pal of mine, and extra extensively often known as the large bull of our inventory market, is not any extra…Rakesh Jhunjhunwala will perpetually be often known as the person who popularised public understanding of inventory markets. My prayers exit to his household & pals. Om Shanti,” he tweeted.
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