Veteran stock market investor Rakesh Jhunjhunwala dies in Mumbai

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Veteran stock market investor Rakesh Jhunjhunwala dies in Mumbai

PM Modi condoles death of ‘ big bull ’

stager equity request investor and recently- launched Akasa Air author Rakesh Jhunjhunwala passed away on Sunday in Mumbai. He was 62.

Popularly known as the “ big bull ” of the Indian stock request, he'd multiple health issues. The protagonist of Akasa Air,Mr. Jhunjhunwala appeared days agone at its public launch. He's survived by his woman and three children.

The reason for his unforeseen demise is yet to be know from the family.Mr. Jhunjhunwala had investments in several Indian companies and had made a fortune in the last two decades. He was known as the “ Indian Warren Buffet ” for his investment chops.

Several politicians, including Prime Minister Narendra Modi and Home Minister Amit Shah, and assiduity leaders paid paeans toMr. Jhunjhunwala

Prime Minister Modi took to Twitter to pay paeans toMr. Jhunjhunwala and offered condolences to his family.

“ Rakesh Jhunjhunwala was insuperable. Full of life, facetious and perceptive, he leaves behind an unforgettable donation to the fiscal world. He was also veritably passionate about India’s progress. His passing down is depressing. My condolences to his family and sweeties. Om Shanti, ” PM Modi wrote.

Finance Minister Nirmala Sitharaman said she fondly flashed back several exchanges withMr. Jhunjhunwala and said he'd strong beliefs in India’s strength and capabilities.

“ Shri Rakesh Jhunjhunwala is no more. Investor, bold threat taker, masterly understanding of the stock request, clear in communication- a leader in his own right. Fondly flash back several exchanges we ’ve had. Had strong belief in India’s strength and capabilities. Condolences, ” he chitter read.

ShahMr. Jhunjhunwala will always be flashed back for his bullish outlook. “ agonized to learn about the passing down of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock request have inspired innumerous investors. He'll always be flashed back for his bullish outlook, ” he twittered.

“ My deepest condolences to his family. Om Shanti Shanti. ”

Union Commerce and Industry Minister Piyush Goyal also condoled the demise of the ace investor. Taking to the microblogging point,Mr. Goyal said Mr. Jhunjhunwala was an alleviation for wealth creation for crores.

“ Deeply anguished at the demise of expert investor Rakesh Jhunjhunwala. He was an alleviation for wealth creation for crores. My sincere condolences to his family, musketeers and sweeties. Om Shanti, ” he wrote.