Veteran Stock Trader Rakesh Jhunjhunwala passes away at 62. After experiencing a heart attack, Rakesh Jhunjhunwala was taken urgently to the Breach Candy Hospital at approximately 6.45 am. The medical staff pronounced him dead as soon as he arrived.
In a Mumbai hospital, renowned investor Rakesh Jhunjhunwala passed away this morning. He was of just 62 years.
What has happened?
He received treatment for kidney-related problems at the same hospital before being discharged a few weeks ago. According to the Mumbai-based Breach Candy Hospital, Jhunjhunwala had been declining for a few days before passing away today.
Mr. Jhunjhunwala, who had a number of health difficulties, was spotted using a wheelchair during the Akasa Air inauguration.
He was known as “India’s Warren Buffett” . He had a generally positive outlook for the nation’s stock market.
RARE Enterprises, a privately held stock trading company, was managed by Jhunjhunwala. Along with that, he was the proprietor of Akasa Air, the country’s newest airline, which launched earlier this month.
He joined at the Institute of Chartered Accountant of India in 1985, the year after he received his diploma from Sydenham College.
Rakesh Jhunjhunwala’s birth was marked on July 5, 1960. Rekha Jhunjunwala, another investor, is the spouse he was married to.
PM Modi’s Tribute
The iconic investor “leaves behind an indelible legacy to the financial world,” Prime Minister Narendra Modi stated in condolences for his passing.
“Rakesh Jhunjhunwala had unbreakable strength. He made an immeasurable contribution to the financial world and was full of life, funny, and smart. Additionally, he had a strong love for India’s development. His departure is really shocking for all the Indians. My sympathies go out to his family and supporters. OM Shanti ” he tweeted.