 "Who is Rakesh Jhunjhunwala?")
Rakesh Jhunjhunwala
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala was an investor with a Midas touch. He died on August 14, 2022, in Mumbai at the age of 62. Jhunjhunwala was often referred to as India’s own Warren Buffet. He was a trader and also a chartered accountant. According to Forbes' Rich List, Jhunjhunwala was ranked the 36th richest man in the country. He was the chairman of Hungama Media and Aptech and was on the board of directors of firms such as - Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.
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Latest Updates on Rakesh Jhunjhunwala
Rekha Jhunjhunwala-backed Inventurus IPO to open on Dec 12; know more here
Unlisted shares of Inventurus Knowledge Solutions were trading at Rs 1,554 apiece in the grey market, reflecting a premium of Rs 225 or 16.93 percent over the upper price band of Rs 1,329
 "Rekha Jhunjhunwala-backed Inventurus IPO to open on Dec 12; know more here")
Role models like Rakesh Jhunjhunwala inspire new investors: Hiren Ved
Now, the focus has shifted from creating investor intent through education to enabling easy execution via digital channels
 "Role models like Rakesh Jhunjhunwala inspire new investors: Hiren Ved")
Jhunjhunwala Portfolio: This pharma stock has zoomed over 100% in 6 months
Shares of Jubilant Pharmova surged 12 per cent on the BSE in Friday's intra-day trade to hit a new high of Rs 1,169.55, in an otherwise subdued market.
 "Jhunjhunwala Portfolio: This pharma stock has zoomed over 100% in 6 months")
Rekha Jhunjhunwala set to pocket Rs 106 cr from Baazar Style Retail IPO
Among those investors selling shares is Rekha Rakesh Jhunjhunwala, who owns 5,446,240 shares, representing a 7.69 per cent stake in the company
 "Rekha Jhunjhunwala set to pocket Rs 106 cr from Baazar Style Retail IPO")
Tata Motors' DVR conversion plan gets shareholders' nod with 99.8% votes
The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure
 "Tata Motors' DVR conversion plan gets shareholders' nod with 99.8% votes")
Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets
Of top 10 companies in Rekha Jhunjhunwala's portfolio total 8 stocks have given positive returns; while Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent
 "Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets")
Rekha Jhunjhunwala-owned stock zoomed 12% today; what's fuelling the rally?
Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala, held a 4.8-per cent stake in Metro Brands at the end of December 2023
 "Rekha Jhunjhunwala-owned stock zoomed 12% today; what's fuelling the rally?")
CAE signs deal with Akasa Air to train budget carrier's B737 Max pilots
Agreement gives Akasa Air 'access to world's best training facilities' for 15 years
 "CAE signs deal with Akasa Air to train budget carrier's B737 Max pilots")
This Rekha Jhunjhunwala-owned share nears Rs 1 trn mcap; plans stock split
Shares of Canara Bank hit multi-year high at Rs 550.50, as they rallied 6 per cent after the lender said its board will meet on February 26 to consider stock split.
 "This Rekha Jhunjhunwala-owned share nears Rs 1 trn mcap; plans stock split")
Boeing wins order for 150 Max jets from Akasa amid recent mid-air blowout
Akasa Air, which began flying commercially less than two years ago, made a firm purchase for the 737 Max 10 and Max 8-200 planes to be delivered through 2032, the carrier announced
 "Boeing wins order for 150 Max jets from Akasa amid recent mid-air blowout")
No adverse findings in Boeing 737 Max planes, says Akasa post-inspection
Akasa Air on Monday said it has completed a thorough inspection of its entire fleet of in-service Boeing 737 Max planes and that there are no adverse findings
 "No adverse findings in Boeing 737 Max planes, says Akasa post-inspection")
Jhunjhunwala family-backed IKS Health acquires US tech firm for $200 mn
IKS Health is looking at a combined Total Addressable Market (TAM) of around US$ 195 billion across pre-acute and acute care markets, according to a company communication
 "Jhunjhunwala family-backed IKS Health acquires US tech firm for $200 mn")
This footwear stock in Jhujhuwala's kitty is now up 158% over IPO price
Shares of Metro Brands that boasts of Metro, Mochi, Walkaway, Crocs and Fitflop brands, hit a record high of Rs 1,292, rallied 15% in intra-day trade on the BSE.
Resignations have no impact on expansion, more pilots joining: Akasa CEO
Promoted by family of the late investor Rakesh Jhunjhunwala, Akasa is planning to add more aircraft to its fleet and take it to 28 by March 2024 and add 10-12 planes every year for the next few years
 "Resignations have no impact on expansion, more pilots joining: Akasa CEO")
Jhunjhunwala family-backed Concord Biotech gains 27% on market debut
The strong listing follows healthy demand for the shares of Gujarat-based bulk drug maker in its Rs 1,551-crore initial public offering (IPO)
 "Jhunjhunwala family-backed Concord Biotech gains 27% on market debut")
Concord Biotech lists at 21% premium over its issue price
The shares of the biopharma company listed at Rs 900, a 21 per cent higher against its issue price of Rs 741 per share on the National Stock Exchange and BSE on Friday.
 "Concord Biotech lists at 21% premium over its issue price")
Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?
Concord Biotech IPO: The stock is commanding a 20 per cent premium in the grey market, as per ipowatch.com
 "Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?")
Jhunjhunwala-backed Concord Biotech eyes to raise Rs 1,550 cr through IPO
The late Rakesh Jhunjhunwala-backed firm sets price band of Rs 705-Rs 741 a share
 "Jhunjhunwala-backed Concord Biotech eyes to raise Rs 1,550 cr through IPO")
Rekha Jhunjhunwala sells additional 6.25% holding in Rallis India this week
Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjunwala, has sold an additional 6.2586% holding in Tata Chemicals subsidiary Rallis India this week
 "Rekha Jhunjhunwala sells additional 6.25% holding in Rallis India this week")
India's newest airline Akasa Air looking to raise $75-100 mn for expansion
To raise the money, Akasa Air has approached potential investors which include PE firms and high-net-worth individuals
