The death of Indian billionaire Rakesh Jhunjhunwala brought attention to the famed investor’s nearly $4 billion stocks, which were closely watched by traders.
Indian Warren Buffett, Rakesh Jhunjhunwala, died of cardiac arrest on Sunday at the age of 62. The internationally renowned trader has invested in a wide range of successful ventures and start-ups and served on the boards of several Indian firms.
Rakesh Jhunjhunwala has been one of the most influential market voices in Asia’s third-largest economy, followed closely by a growing number of retail traders in India. News of his trades kept the stock moving within its daily limits.
This man, also known as the Big Bull, was a fierce proponent of India’s growth story. His investment in Titan Co. was one of the largest and most profitable investments of a veteran trader and his wife, Rekha Junjhunwala, making up more than a third of their portfolio.
Among their other major assets by market value are Star Health & Allied Insurance Co., footwear maker Metro Brands Ltd., and automaker Tata Motors Ltd. Jhunjhunwala owns over 10% of Star Health, Aptech Ltd. IT firm. and video game maker Nazara Technologies. OOO
Stocks in companies in which Jhunjhunwala held stakes were mixed in trading on the Tuesday following his death. Titan is up about 1%, Star Health is up a whopping 2.5%, while Aptech is down over 5%.
Junjhunwala’s property, including stocks, will be transferred to his wife and children.
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