Page 2 - Rakesh Jhunjhunwala
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 per cent holding in Tata Chemicals subsidiary Rallis India this week, as per a disclosure published by exchanges on Friday. Jhunjhunwala, who is the nominee and executor to the Estate of Late Rakesh Jhunjhunwala, said she now holds 44.30 lakh shares in the company, which is 2.278 per cent of all outstanding shares. In the communication to exchanges on Thursday, Jhunjhunwala disclosed that as of March 11, 2013, she had a holding of 2.03 crore shares, representing 10.4581 per cent of the then total issued and paid-up capital in the company. From that date to July 17 this year, Jhunjunwala said she and persons acting in her concert have sold over 37 lakh shares in the company, which is 1.9446 per cent of the total shareholding. Between July 18 (Tuesday) and July 20 (Thursday), she sold 1.21 crore shares more, which is 6.2586 per cent of the overall shareholding, as per the disclosure. The shar
 "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
 "India's newest airline Akasa Air looking to raise $75-100 mn for expansion")
Rakesh Jhunjhunwala's portfolio up 11% thus far in FY24; beats markets
At an aggregate level, Jhunjhunwala's portfolio that was valued at Rs 32,445 crore as on March 31, 2023 is now worth Rs 35,979 crore
 "Rakesh Jhunjhunwala's portfolio up 11% thus far in FY24; beats markets")
Year in review: From Lata to Queen Elizabeth, icons the world lost in 2022
Take a look at some famous faces that will no longer be with us at the end of 2022
 "Year in review: From Lata to Queen Elizabeth, icons the world lost in 2022")
Jhunjhunwala's firm Rare in talks with Barclays to prepay Rs 500 crore loan
The loan was used to fund the acquisition of Zydus Cadila's animal healthcare business in 2021
Rakesh Jhunjhunwala: A perspective
In fact, Rakesh's achievement was greater than that of Mr Simons, a mathematical genius who has a team of super-bright mathematicians and physicists to develop quantitative techniques
Jhunjhunwala left a will, to bequeath Rs 50k-cr fortune to family: Report
The ace investor's long time legal associate Berjis Desai is reportedly the main executor of the will
 "Jhunjhunwala left a will, to bequeath Rs 50k-cr fortune to family: Report")
Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust
Trust in guru's name: Damani could manage Big Bull's estate
 "Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust")
A tribute to Rakesh Jhunjhunwala: His bullishness will be seen as prescient
Everything Rakesh foresaw for India will happen in the coming years
 "A tribute to Rakesh Jhunjhunwala: His bullishness will be seen as prescient")
Before his death, Jhunjhunwala & family became Akasa's biggest shareholders
Three trusts named after his twin sons and daughter now hold 27% stake in firm; combined family holding at 46%
 "Before his death, Jhunjhunwala & family became Akasa's biggest shareholders")
Top headlines: Dreamfolks IPO on Aug 24; China to offer loans to developers
Business Standard brings you top news of the day
 "Top headlines: Dreamfolks IPO on Aug 24; China to offer loans to developers")
Radhakishan Damani to be the main trustee of Jhunjhunwala's investments
Rakesh Jhunjhunwala, who passed away on August 14, is said to have 'meticulously' planned everything about his wealth as he had been sick for over 8 months
 "Radhakishan Damani to be the main trustee of Jhunjhunwala's investments")
Anand Mahindra shares post about Jhunjhunwala's 'most valuable' advice
Billionaire businessman Anand Mahindra on Sunday shared a motivational post remembering "advice" from the late Rakesh Jhunjhunwala
 "Anand Mahindra shares post about Jhunjhunwala's 'most valuable' advice")
The man who made more money on the stock market than almost anyone else
A family man, a confident investor, someone who was sure two decades ago that India and its stock market were going to boom. T N Ninan recalls his chats with Rakesh Jhunjhunwala
Akasa Air has strong financials to place order for more planes: CEO
The Jhunjhunwala family holds stakes in the airline through three discretionary trusts
Singer India zooms 43% after promoter offloads 22% stake via block deals
Rare Investments, the investment arm of late Rakesh Jhunjhunwala acquired 4.25 million equity shares or 7.91 per cent stake in Singer India on Tuesday, showed block deal data
 "Singer India zooms 43% after promoter offloads 22% stake via block deals")
Top headlines:Airtel makes Rs 8k-cr spectrum payment; ECLGS corpus enhanced
New entrant Akasa Air is financially strong enough to place an aircraft order in the 18 next months that will be significantly larger than its first, its founder and CEO Vinay Dube said on Wednesday
 "Top headlines:Airtel makes Rs 8k-cr spectrum payment; ECLGS corpus enhanced")
Akasa Air is well-capitalised, to add one aircraft every two weeks: CEO
Vinay Dube said the airline was well-capitalised to induct 72 aircraft over next 5 years, while mourning the death of Akasa's top backer and ace investor Rakesh Jhunjhunwala who passed away on Sunday
Sensex surges 418 pts, ends above 60K; Bajaj twins, RIL top contributors
CLOSING BELL: Bajaj Finserv (up nearly 6 per cent), Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel, BPCL, and HCL Tech were the top large-cap gainers
 "Sensex surges 418 pts, ends above 60K; Bajaj twins, RIL top contributors")
