PM Modi, Amit Shah & others express grief on Rakesh Jhunjhunwala's demise
New Delhi, August 14: Prime Minister Narendra Modi on Sunday expressed grief on the demise of Rakesh Jhunjhunwala and said he was indomitable, full of life, witty and insightful.
"Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world," PM Modi tweeted. He also shared a picture of him with the late Indian billionaire.
Union Defence Minister Rajnath Singh and Home Minister Amit Shah also extended condolences on the sudden passing away of ace stock market investor Rakesh Jhunjhunwala.
"Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions to business and industry. He was at the forefront of creating a culture of investing in Indian stock markets. Condolences to his family and many admirers," Defence Minister tweeted.
"Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. He will always be remembered for his bullish outlook. My deepest condolences to his family. Om Shanti Shanti," said Amit Shah on Twitter.
Also Read | Billionaire Rakesh Jhunjhunwala passes away at 62
Rakesh Jhunjhunwala, also called India's own Warren Buffet passed away at the age of 62.
Sources say that the business tycoon was not keeping well for the past few days. He, reportedly, breathed his last on Sunday at Breach Candy Hospital in Mumbai.
Born on July 5, 1960, Jhunjhunwala grew up in Mumbai and graduated from Sydenham College in 1985. After that, he enrolled at the Institute of Chartered Accountants of India and married Rekha Jhunjunwala, who is also a stock market investor.
The Indian billionaire ran RARE Enterprises, a privately held stock trading firm. He was also the owner of Akasa Air, India's newest airline, which took to the skies earlier this month.
Many people questioned why he planned to start an airline at a time when aviation was struggling, to which he responded, "I say I'm prepared for failure."
He was always optimistic about India's stock market, and whatever stocks he bought usually turned out to be multibaggers.
Also Read | President Droupadi Murmu to address nation at 7 pm
-PTC News
