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Big Bull Rakesh Jhunjhunwala passes away at 62

Rakesh Jhujhunwala, veteran investor, passed away at 62 in Mumbai. Known as 'India's Warren Buffett', and even the Big Bull, Jhunjhunwala began his investing journey in 1985 as a young CA. Starting with just Rs 5000 as capital nealy 4 decades ago Rakesh Jhunjhunwala's wealth has multiplied to nearly $6 billion with marquee investments such as Titan, Lupin, <a href="https://www.editorji.com/partner/car-and-bike/tata-motors-signs-mou-with-gujarat-government-1654174735976">Tata Motors</a> and many others.&nbsp; Prime Minister <a href="https://www.editorji.com/sports-news/commonwealth-games-2022/pm-narendra-modi-hosts-indian-commonwealth-games-contingent-1660392858896">Narendra Modi</a> whom the investor met earlier this year took to Twitter to condole calling Jhunjhunwala &ldquo;indomitable&rdquo; and who left behind &ldquo;an indelible contribution to the financial world.&rdquo;&nbsp; <a href="https://www.editorji.com/business-news/big-bull-rakesh-jhunjhunwala-passes-away-at-62-1660448831432">Rakesh Jhunjhunwala</a> born on 5th July 1960 in Mumbai.&nbsp; His father was an Income tax officer and got him interested in stocks.&nbsp;
<a href="https://www.editorji.com/india-news/rakesh-jhunjhunwala-backed-akasa-air-cleared-for-commercial-flights-1657205614392">Rakesh Jhunjhunwala-backed Akasa Air cleared for commercial flights</a> In 2009 in an interview to ET he was quoted saying: See, the only truth of life is death and that when I am going to die I would say boss, just leave me for three hours, I would buy one stock, I will do some trading, I will spend some time with my children, my wife, I will have two drinks and then you can burn me. So it has to be combination of everything. With his newest investment Akasa taking to the skies this month right after his birthday the final trade for this ace investor has been punched.

Akasa Air said on Thursday said it has received the Air Operator Certificate (AOC) from aviation regulator DGCA and will start commercial operations later this month.
The grant of the AOC marks the satisfactory completion of all regulatory and compliance requirements for the airline's operational readiness, Akasa Air said in a statement.
The process concluded with the airline having successfully conducted a number of proving flights under the supervision of the DGCA (Directorate General of Civil Aviation), it added.
The airline, backed by ace stock market investor Rakesh Jhunjhunwala, had taken delivery of its first Boeing 737 max aircraft in India on June 21.
"We are thankful to the Civil Aviation Ministry and the DGCA for their constructive guidance, active support and the highest levels of efficiency throughout the AOC process. We now look forward to opening our flights for sale, leading to the start of commercial operations by late July," Vinay Dube, Founder-Chief Executive Officer of Akasa Air, said.
Following the government’s initiative to usher in a new era of digitisation, Akasa Air is the first airline whose end-to-end AOC process was conducted using the government’s progressive eGCA digital platform, the airline said.
According to the airline, it will commence commercial operations later this month with two aircraft and subsequently add planes to its fleet every month.
By the end of the fiscal year 2022-23, the airline will have 18 aircraft and thereafter, will add 12-14 aircraft every 12 months. This will make up its order of 72 aircraft to be delivered over a period of five years, it said.
Last November, Akasa Air announced ordering 72 '737 Max' aircraft from Boeing. The order includes two variants from the 737 MAX family -- 737-8 and 737-8-200.

Rakesh Jhunjhunwala-backed Akasa Air cleared for commercial flights

Akasa Air said on Thursday said it has received the Air Operator Certificate (AOC) from aviation regulator DGCA and will start commercial operations later this month.

Akasa Air said on Thursday said it has received the Air Operator Certificate (AOC) from aviation regulator DGCA and will start commercial operations later this month.

Akasa Air said on Thursday said it has received the Air Operator Certificate (AOC) from aviation regulator DGCA and will start commercial operations later this month.
The grant of the AOC marks the satisfactory completion of all regulatory and compliance requirements for the airline's operational readiness, Akasa Air said in a statement.
The process concluded with the airline having successfully conducted a number of proving flights under the supervision of the DGCA (Directorate General of Civil Aviation), it added.
The airline, backed by ace stock market investor Rakesh Jhunjhunwala, had taken delivery of its first Boeing 737 max aircraft in India on June 21.
Also Watch| <a href="https://www.editorji.com/india-news/spicejet-in-trouble-aviation-regulator-issues-showcause-notice-1657095774883" target="_blank">'Failed to establish safe air services': aviation regulator takes SpiceJet to task</a>
"We are thankful to the Civil Aviation Ministry and the DGCA for their constructive guidance, active support and the highest levels of efficiency throughout the AOC process. We now look forward to opening our flights for sale, leading to the start of commercial operations by late July," Vinay Dube, Founder-Chief Executive Officer of Akasa Air, said.
Following the government&rsquo;s initiative to usher in a new era of digitisation, Akasa Air is the first airline whose end-to-end AOC process was conducted using the government&rsquo;s progressive eGCA digital platform, the airline said.
According to the airline, it will commence commercial operations later this month with two aircraft and subsequently add planes to its fleet every month.
By the end of the fiscal year 2022-23, the airline will have 18 aircraft and thereafter, will add 12-14 aircraft every 12 months. This will make up its order of 72 aircraft to be delivered over a period of five years, it said.
Last November, Akasa Air announced ordering 72 '737 Max' aircraft from Boeing. The order includes two variants from the 737 MAX family -- 737-8 and 737-8-200.

Shares of Delta Corp surged as much as eight percent on Friday after its wholly-owned subsidiary Deltatech Gaming Ltd filed a draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The gaming company is planning to raise Rs 550 crore through the IPO as the initial share sale will comprise of a fresh issue of Rs 300 crore and an offer for sale (OFS) of the Equity Shares held by the company, for an amount aggregating up to about Rs 250 crore.
Noteworthy, the IPO will be subject to market conditions.
Upon completion of the Offer, Deltatech Gaming will continue to be a subsidiary of Delta Corp Limited.
Delta Corp is an Indian gaming and hospitality company in India, that owns and operates casinos (live, electronic and online).
Ace investor Rakesh Jhunjhunwala held a 4.3 percent stake in Delta Corp at the end of the March quarter while his wife held a 3.18 percent stake in the company as of March 31.

Delta Corp subsidiary files for IPO; stock surges 8%

Shares of Delta Corp surged as much as eight percent on Friday after its wholly-owned subsidiary Deltatech Gaming Ltd filed a draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

This Rakesh Jhunjhunwala-backed company files for IPO

Delta Corp is an Indian gaming and hospitality company in India, that owns and operates casinos (live, electronic and online).

Shares of Casion operator Delta Corp surged after its wholly-owned subsidiary Deltatech Gaming Ltd filed a draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The gaming company is planning to raise Rs 550 crore through the IPO as the initial share sale will comprise of a fresh issue of Rs 300 crore and an offer for sale (OFS) of the Equity Shares held by the company, for an amount aggregating up to about Rs 250 crore.
Noteworthy, the IPO will be subject to market conditions.
Upon completion of the Offer, Deltatech Gaming will continue to be a subsidiary of Delta Corp Limited.
Delta Corp is an Indian gaming and hospitality company in India, that owns and operates casinos (live, electronic and online).
Ace investor Rakesh Jhunjhunwala held a 4.3 percent stake in Delta Corp at the end of the March quarter while his wife held a 3.18 percent stake in the company as of March 31.

Rakesh&nbsp;Jhunjhunwala&nbsp;has sent the stocks of D B Realty to hit the upper circuit in Wednesday's trading session.
D B Realty, in its exchange filing, stated that Big Bull's RARE Investments and his wife&nbsp;Rekha&nbsp;Jhunjhunwala&nbsp;would invest in the company through its warrants issue.
Shares of&nbsp;DB Realty&nbsp;surged to hit the 5% upper circuit level at&nbsp;Rs 116.
The company's board has approved to raise funds via issue of 50 million warrants convertible into equivalent number of equity shares.&nbsp;

Rakesh Junjhunwala to invest in D B Realty; stock hits upper circuit

Stocks of D B Realty hit the upper circuit as the news of ace investor Rakesh Jhunjhunwala investing in the company thrilled the investors.

Big bull sends this stock to upper circuit

D B Realty to issue convertible warrants to RARE Investments and Rekha&nbsp;Jhunjhunwala

Rakesh&nbsp;Jhunjhunwala&nbsp;has sent the stocks of D B Realty to hit the upper circuit in Wednesday's trading session.
D B Realty, in its exchange filing, stated that Big Bull's RARE Investments and his wife&nbsp;Rekha&nbsp;Jhunjhunwala&nbsp;would invest in the company through its warrants issue.
Shares of&nbsp;DB Realty&nbsp;surged to hit the 5% upper circuit level at&nbsp;Rs 116.
The company's board has approved to raise funds via issue of 50 million warrants convertible into equivalent number of equity shares.&nbsp;

Rakesh Jhunjhunwala-backed low-cost carrier Akasa Air on Wednesday unveiled its much-anticipated brand identity with the unveiling of its 'Rising A' symbol and tagline, 'It's Your Sky'."Unveiling ‘The Rising A’ of Akasa Air. Inspired by elements of the sky, The Rising A symbolises the warmth of the sun, the effortless flight of a bird, and the dependability of an aircraft wing," Akasa Air tweeted.SNV Aviation, which owns Akasa Air, earlier said it expects to start flying next year after getting initial clearance from the civil aviation ministry to launch the country's latest ultra-low-cost carrier.

Akasa Air unveils airline's 'Rising A' brand logo; you can soon book your tickets 

Akasa Air plans to offer flights across India starting in the summer of 2022 with an "endeavour to be the nation's most dependable, affordable and greenest airline".



Akasa Air unveils airline's 'Rising A' brand logo

Akasa Air plans to offer flights across India starting in the summer of 2022

Rakesh Jhunjhunwala-backed low-cost carrier Akasa Air on Wednesday unveiled its much-anticipated brand identity with the unveiling of its 'Rising A' symbol and tagline, 'It's Your Sky'.
Also watch |&nbsp;<a title="Top Market Headlines: Santa rally to easing Omicron concerns, all you need to know&nbsp;" href="https://www.editorji.com/business-news/markets/top-market-headlines-santa-rally-to-easing-omicron-concerns-all-you-need-to-know-1640227502941">Top Market Headlines: Santa rally to easing Omicron concerns, all you need to know&nbsp;</a> "Unveiling &lsquo;The Rising A&rsquo; of Akasa Air. Inspired by elements of the sky, The Rising A symbolises the warmth of the sun, the effortless flight of a bird, and the dependability of an aircraft wing," Akasa Air tweeted. SNV Aviation, which owns Akasa Air, earlier said it expects to start flying next year after getting initial clearance from the civil aviation ministry to launch the country's latest ultra-low-cost carrier.

Star Health IPO: Will Rakesh Jhunjhunwala's backing 'insure' good returns for this IPO?

Star Health IPO: Why Rakesh Jhunjhunwala is bullish on it

Rakesh Jhunjhunwala holds over 18% stake already in this IPO, will Star Health be as healthy for investors...Click here to know

Star Health IPO Opens: Here is why Jhunjhunwala is betting big on it

Star Health IPO: Star Health has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO.&nbsp;

Will Rakesh&nbsp;Jhunjhunwala's backing 'insure' good returns for this IPO? That's the question many will ask as they evaluation the&nbsp;Star Health IPO&nbsp;that opens for subscription.
Here are the details you need to know to make an informed decision -:
<h3>Star Health IPO&nbsp;Details&nbsp;</h3>
<ul>
<li>Issue Dates: Open November 30, Closes Dec 2</li>
<li>Issue Price:&nbsp;Rs 870-900 per share</li>
<li>Minimum Lot: 16 shares</li>
<li>Minimum Investment: Rs 14,400</li>
<li>Size of the issue: To raise&nbsp;Rs 7,249 cr</li>
</ul>
<h3>About the Star Health company&nbsp;</h3>
Incorporated in 2006, Star Health and Allied Insurance Company Ltd (Star Health) is one of the largest private health insurers in India.&nbsp;It is owned by a consortium of investors like Westbridge Capital and Rakesh Jhunjhunwala.&nbsp;Jhunjhunwala and his wife Rekha Jhunjhunwala hold 14.98 per and 3.23 per cent stake at Star Health respectively.&nbsp;
Also read/watch:&nbsp;<a href="https://www.editorji.com/business-news/markets/does-size-really-matter-mega-ipos-and-their-miserable-returns-1636446438372" target="_blank">Does size really matter? Mega IPOs and their miserable returns</a>
<h3>How is the financial health? </h3>
Due to high pandemic claims&nbsp;Star Health logged a loss of Rs 380.27 crore in six months to September 30, in addition to Rs 825.58 crore loss in FY20.The 15 year old firm has a 15.8 percent share in the overall health insurance market and a 31.3 percent share in the retail health insurance segment in FY21.&nbsp;

Adding wings&nbsp;to an already soaring portfolio,&nbsp;Akasa Air, the airline venture promoted by billionaire investor Rakesh Jhunjhunwala, has received the no-objection certificate from the Ministry of Civil Aviation.&nbsp;Read/Watch Also: Jhunjhunwala&nbsp;meets PM ModiThe holding company&nbsp;SNV Aviation Private Limited will fly under the brand name Akasa Air and operations are expected to begin in the summer of 2022.&nbsp;The airline plans to operate approximately 70 planes in the next four years.Ace investor Jhunjhunwala&nbsp;has roped in ex-Jet official Vinay Dube&nbsp;and former Indigo chief Aditya&nbsp;Ghosh&nbsp;on its board.&nbsp;Jhunjhunwala&nbsp;reportedly invested nearly Rs 260 crore&nbsp;for a 40 per cent stake in Akasa.Vinay Dube&nbsp;who is also&nbsp;CEO of Akasa Air said, "We are extremely happy and grateful to the Ministry of Civil Aviation for their support and the grant of the NOC. We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air"Ghosh congratulated Dube and his team on getting the NOC. "Many&nbsp;congratulations&nbsp;to VinayDube and Team #AKASA on receiving the NOC from MOCA," he tweeted.

Rakesh Jhunjhunwala-backed Akasa Air gets nod; first flight likely in 2022

All aboard! Jhunjhunwala backed Akasa gets nod to take off, first flight likely next year. 

Changing skies - Akasa set to take off after govt nod

Jhunjhunwala&nbsp;invested ₹260 crore&nbsp;for a 40% stake in Akasa

SNV Aviation, which will fly under the Akasa Air brand, said in a statement it has received a "no objection certificate" from the aviation&nbsp;ministry

Adding wings&nbsp;to an already soaring portfolio,&nbsp;Akasa Air, the airline venture promoted by billionaire investor Rakesh Jhunjhunwala, has received the no-objection certificate from the Ministry of Civil Aviation.&nbsp; Read/Watch Also: <a style="color: #0000ff;" href="https://www.editorji.com/business-news/markets/pm-modi-meets-big-bull-rakesh-jhuhjhunwala-find-out-more-1633487791080">Jhunjhunwala&nbsp;meets PM Modi</a> The holding company&nbsp;SNV Aviation Private Limited will fly under the brand name Akasa Air and operations are expected to begin in the summer of 2022.&nbsp;The airline plans to operate approximately 70 planes in the next four years. Ace investor Jhunjhunwala&nbsp;has roped in ex-Jet official Vinay Dube&nbsp;and former Indigo chief Aditya&nbsp;Ghosh&nbsp;on its board.&nbsp;Jhunjhunwala&nbsp;reportedly invested nearly Rs 260 crore&nbsp;for a 40 per cent stake in Akasa. Vinay Dube&nbsp;who is also&nbsp;CEO of Akasa Air said, "We are extremely happy and grateful to the Ministry of Civil Aviation for their support and the grant of the NOC. We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air" Ghosh congratulated Dube and his team on getting the NOC. "Many&nbsp;congratulations&nbsp;to VinayDube and Team #AKASA on receiving the NOC from MOCA," he tweeted.

Nazara Tech, India's first listed gaming company backed by ace investor Rakesh Jhunjhunwala raised Rs 315 crore from investors.

Rakesh Jhunjhunwala backed firm raises Rs 300 cr, up 162% in 6 months

Rakesh Jhunjhunwala backed firm raises Rs 300 cr, up 162% in 6 months making his stake worth over Rs 750 crores.

This recent listing has doubled in just 6 months! 

Jefferies:&nbsp;Nazara&nbsp;Tech&nbsp;offers a direct way to play the gaming ecosystem as it is building a network of gaming companies via M&amp;A that benefit from each other

Nazara&nbsp;Tech, India's first listed gaming company backed by ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;raised Rs 315 crore&nbsp;from investors including Singapore sovereign wealth fund GIC-managed investment firm Gamnat Pte Ltd and Ahmedabad-based Plutus Wealth Management.
<a href="https://www.editorji.com/story/bumper-listing-for-rakesh-jhunjhunwala-backed-nazara-79-above-issue-price-1616942358810" target="_blank">Nazara&nbsp;Tech</a>&nbsp;plans to use the funds to&nbsp;pursue strategic acquisitions across verticals to expand the company&rsquo;s &ldquo;Friends of Nazara&rdquo; ecosystem.&nbsp;&ldquo;Friends of Nazara&rdquo;. The ecosystem&nbsp;network includes gaming startups in which Nazara holds majority stakes including&nbsp;Nodwin Gaming,&nbsp;Sportskeed,&nbsp;Halaplay and Openplay.&nbsp;
Also watch:&nbsp;<a title="Swiggy to Tata Digital: ESOP bonanza for employees this festive season" href="https://www.editorji.com/business-news/swiggy-to-tata-digital-esop-bonanza-for-employees-this-festive-season-1633579679566">Swiggy to Tata Digital: ESOP bonanza for employees this festive season</a> The stock which had an issue price of Rs 1101 and listed this year in March has given shareholders a return of over 150% since listing.&nbsp;&nbsp;<a href="https://www.editorji.com/story/rakesh-jhunjhunwala-buys-stake-in-this-psu-bank-1629868875478" target="_blank">Rakesh Jhunjhunwala</a>, known as the &lsquo;Big Bull&rsquo;, holds 10.82% stake or 32,94,310 shares in the gaming firm, as investment he made before the company listed. Jhunjhunwala's current holding in the company is worth over Rs 790 cr.&nbsp;

It was a meeting of the two biggest bulls of India, Prime Minister Modi&nbsp;and ace investor Rakesh&nbsp;Jhunjhunwala.&nbsp;Prime Minister Narendra Modi on Tuesday shared a photo on social media where he stated was &lsquo;delighted' to meet one of India's biggest stock market investors Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala.&nbsp;
Prime Minister Narendra Modi showered compliments on ace investor Rakesh Jhunjhunwala, following their brief meeting in New Delhi on October 5.&nbsp;Modi said he was delighted to meet "the one and only" Jhunjhunwala, calling him "lively and insightful".Jhunjhunwala is the 48th richest man in the country as per Forbes and&nbsp;has a net wealth of&nbsp;Rs 22,300 crore, according to the recently released&nbsp;IIFL Wealth Hurun India Rich List.

PM Modi meets big bull Rakesh Jhuhjhunwala, find out more 

PM Modi meets ace investor Rakesh Jhuhjhunwala, find out more about this big bullish meeting in the capital. 

PM Modi meets big bull Rakesh Jhuhjhunwala

The prime minister's compliment for Jhunjhunwala&nbsp;comes weeks after the investor said said retail investors should invest at home and not the US.&nbsp;

It was a meeting of the two biggest bulls of India, Prime Minister Modi&nbsp;and ace investor Rakesh&nbsp;Jhunjhunwala.&nbsp;Prime Minister Narendra Modi on Tuesday shared a photo on social media where he stated was &lsquo;delighted' to meet one of India's biggest stock market investors Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala.&nbsp;
Prime Minister Narendra Modi showered compliments on ace investor Rakesh Jhunjhunwala, following their brief meeting in New Delhi on October 5.&nbsp;Modi said he was delighted to meet "the one and only" Jhunjhunwala, calling him "lively and insightful". Jhunjhunwala is the 48th richest man in the country as per Forbes and&nbsp;has a net wealth of&nbsp;Rs 22,300 crore, according to the recently released&nbsp;IIFL Wealth Hurun India Rich List.

Byju&nbsp;Raveendran, founder of India's most valued startup&nbsp;BYJU's, is now&nbsp;richer than veteran markets investor Rakesh&nbsp;Jhunjhunwala and Anand&nbsp;Mahindra.
Byju Raveendran &amp; family&rsquo;s wealth stood at Rs 24,300 crore, according to the IIFL Wealth Hurun India Rich List 2021. This makes them the 67th richest Indians.
The wealth of the family has grown 19 percent this year. Since 2017, Raveendran has climbed 504 ranks, the most by anyone on the list.
Rakesh Jhunjhunwala &amp; family's wealth stood at Rs 22,300 crore, Anand Mahindra &amp; family's at Rs 22,000 crore and Nandan Nilekani &amp; family&rsquo;s wealth at Rs 20,900 crore, according to the list.

Byju's founder is now richer than Rakesh Jhunjhunwala, Anand Mahindra

Studying Pays! This startup founder is richer than Rakesh Jhunjhunwala, Anand Mahindra

This Indian entrepreneur is now richer than Rakesh Jhunjhunwala, Anand Mahindra

Byju Raveendran &amp; family&rsquo;s wealth stood at Rs 24,300 crore

Byju&nbsp;Raveendran, founder of India's most valued startup&nbsp;BYJU's, is now&nbsp;richer than veteran markets investor Rakesh&nbsp;Jhunjhunwala and Anand&nbsp;Mahindra.
Byju Raveendran &amp; family&rsquo;s wealth stood at Rs 24,300 crore, according to the IIFL Wealth Hurun India Rich List 2021. This makes them the 67th richest Indians.
The wealth of the family has grown 19 percent this year. Since 2017, Raveendran has climbed 504 ranks, the most by anyone on the list.
Rakesh Jhunjhunwala &amp; family's wealth stood at Rs 22,300 crore, Anand Mahindra &amp; family's at Rs 22,000 crore and Nandan Nilekani &amp; family&rsquo;s wealth at Rs 20,900 crore, according to the list.

Zee&nbsp;might be merging with Sony but the big winner is the big bull Rakesh&nbsp;Jhunjhunwala&nbsp;who is now gaining Rs 50,00,00,000 in just one week.&nbsp;On September 14, ace investor Rakesh Jhunjhunwala&nbsp;bought 50 lakh shares of Zee Entertainment as the entertainment major faced off shareholders demanding the removal of MD Punit Goenka.The big bull made a big bet and bought 50 lakh&nbsp;shares of Zee&nbsp;at Rs 220/share as disclosed by exchanges. With the stock of Zee&nbsp;skyrocketing with the news the board approving an in-principle merger with Sony Jhunjhunwala&nbsp;is now sitting on a neat profit of Rs 50 cr as the stock touched a day high of Rs 320/share. That's 50 crore&nbsp;profit or almost 50% returns on his investment in just a week's time.
Also read/watch:&nbsp;Sony saves Zee's Punit Goenka, board approves mega merger

Rakesh Jhunjkhunwala makes Rs 50 crore on his Zee Entertainment bet

Who is the real winner of the whole Zee fiasco?

Rakesh&nbsp;Jhunjhunwala&nbsp;bought 50 lakh&nbsp;shares of Zee&nbsp;at Rs 220

Zee&nbsp;might be merging with Sony but the big winner is the big bull Rakesh&nbsp;Jhunjhunwala&nbsp;who is now gaining Rs 50,00,00,000 in just one week.&nbsp; On September 14, ace investor Rakesh Jhunjhunwala&nbsp;bought 50 lakh shares of Zee Entertainment as the entertainment major faced off shareholders demanding the removal of MD Punit Goenka. The big bull made a big bet and bought 50 lakh&nbsp;shares of Zee&nbsp;at Rs 220/share as disclosed by exchanges. With the stock of Zee&nbsp;skyrocketing with the news the board approving an in-principle merger with Sony Jhunjhunwala&nbsp;is now sitting on a neat profit of Rs 50 cr as the stock touched a day high of Rs 320/share. That's 50 crore&nbsp;profit or almost 50% returns on his investment in just a week's time.
Also read/watch:&nbsp;<a href="https://www.edtr.ai/afxz" target="_blank">Sony saves Zee's Punit Goenka, board approves mega merger</a>

Rakesh&nbsp;Jhunjhunwala&nbsp;bought 50 lakh&nbsp;shares of Zee&nbsp;Entertainment on Tuesday, which calculates to almost half a percent stake in the company.
Jhunjhunwala's&nbsp;stock trading firm Rare Enterprises picked up Zee&nbsp;Entertainment shares at Rs 220.44, which means his total investment was more than Rs 110 crore. This comes on a day when the shares surged 40 percent as Zee&nbsp;Entertainment's shareholders demanded the removal of MD Punit&nbsp;Goenka&nbsp;over corporate governance issues.
Also read/watch: Zee shareholders want to throw out MD &amp; board members
The stock ended the day at Rs 261.70, thus Rakesh's&nbsp;MTM&nbsp;gain for yesterday was Rs 20.5 crore.
BofA Securities Europe also acquired 48.65 lakh equity shares in Zee at Rs 236.2.

Zee Entertainment: Rakesh Jhunjhunwala buys 50,00,000 shares; BofA bets too

Rakesh&nbsp;Jhunjhunwala's Rare Enterprises and BofA together&nbsp;bought 1% stake in Zee&nbsp;Entertainment on a day the stock rallied over 40%

Rakesh Jhunjhunwala buys stake in Zee

The stock ended the day at Rs 261.70, thus Rakesh's&nbsp;MTM&nbsp;gain for yesterday was Rs 20.5 crore.

Rakesh&nbsp;Jhunjhunwala&nbsp;bought 50 lakh&nbsp;shares of Zee&nbsp;Entertainment on Tuesday, which calculates to almost half a percent stake in the company.
Jhunjhunwala's&nbsp;stock trading firm Rare Enterprises picked up Zee&nbsp;Entertainment shares at Rs 220.44, which means his total investment was more than Rs 110 crore. This comes on a day when the shares surged 40 percent as Zee&nbsp;Entertainment's shareholders demanded the removal of MD Punit&nbsp;Goenka&nbsp;over corporate governance issues.
Also read/watch: <a href="https://www.edtr.ai/adhh" target="_blank">Zee shareholders want to throw out MD &amp; board members</a>
The stock ended the day at Rs 261.70, thus Rakesh's&nbsp;MTM&nbsp;gain for yesterday was Rs 20.5 crore.
BofA Securities Europe also acquired 48.65 lakh equity shares in Zee at Rs 236.2.

Another high-level hiring by the planned airline of ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;as he hires former head of treasury and investor relations at Indigo Ankur&nbsp;Goel&nbsp;as its Chief Financial Officer.
Also read:&nbsp;Rakesh Jhunjhunwala buys stake in this PSU bank
The airline firm&nbsp;Akasa&nbsp;had also roped in former Indigo president Aditya&nbsp;Ghosh.
Akasa, which is founded by Jhunjhunwala&nbsp;alongside former Jet Airways CEO&nbsp;Vinay&nbsp;Dube&nbsp;aims to start operating by summer next year, as per the reports.
Rakesh&nbsp;Jhunjhunwala&nbsp;backed airline is also in negotiations with Boeing&nbsp;to add a 100 Max 737 aircrafts.
Goel was a core member of the team that led IndiGo&rsquo;s public listing in 2015 that raised Rs 3,000 crore followed by a Qualified Institutional Placement (QIP) in 2017 through which it raised around Rs 4,000 crore.
Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Rakesh Jhunjhunwala's airline Akasa hires another former Indigo executive

Rakesh Jhunjhunwala-backed airline Akasa&nbsp;has hired another former executive of Indigo as its CFO.&nbsp;

Rakesh Jhunjhunwala airline hires CFO

Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Another Indigo executive comes on- board&nbsp;Rakesh&nbsp;Jhunjhunwala's&nbsp;planned airline Akasa.
Also read:&nbsp;<a href="https://www.editorji.com/story/rakesh-jhunjhunwala-buys-stake-in-this-psu-bank-1629868875478" target="_blank">Rakesh Jhunjhunwala buys stake in this PSU bank</a>
Ankur&nbsp;Goel, former head of treasury and investor relations at Indigo airlines joins Akasa&nbsp;as its Chief Financial&nbsp;Officer. The airline had also roped in former Indigo president Aditya&nbsp;Ghosh.
Akasa, which is founded by Jhunjhunwala&nbsp;alongside former Jet Airways CEO&nbsp;Vinay&nbsp;Dube&nbsp;aims to start operating by summer next year, as per the reports.
Rakesh&nbsp;Jhunjhunwala&nbsp;backed airline is also in negotiations with Boeing&nbsp;to add a 100 Max 737 aircraft.
Goel was a core member of the team that led IndiGo&rsquo;s public listing in 2015 that raised Rs 3,000 crore followed by a Qualified Institutional Placement (QIP) in 2017 through which it raised around Rs 4,000 crore.
Jhunjhunwala has reportedly invested Rs 247&nbsp;crore in the airline and is very bullish on India's aviation sector, which has been hit by the pandemic.

Rakesh Jhunjhunwala's Rare Enterprises said on Monday the company will invest in Uttamchandani family-promoted Syska LED

Rakesh Jhujhunwala's new bright idea for investment; Syska LED

Rakesh Jhunjhunwala's new bet

Rare Enterprises and its partners have signed a term sheet to invest in Syska LED Lights Private Limited,

Rakesh Jhunjhunwala's Rare Enterprises said on Monday the company will invest in Uttamchandani family-promoted Syska LED, which will help the fast-moving electrical goods company in its next phase of growth, a release said.
Rare Enterprises and its partners have signed a term sheet to invest in Syska LED Lights. In accordance with the terms of the signed term sheet, about 15 per cent of the funds have been deployed already," it said. Syska Led Lights Private Ltd is part of Pune-based SSK Group, which is a key distributor for Samsung phones in India.

Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in state-run Canara&nbsp;Bank during the first quarter of 2021, as per&nbsp;the BSE's&nbsp;shareholding data.
The 'Warren Buffett of India' bought 2.88 crore&nbsp;shares of the Bengaluru-based bank during the April-June quarter&nbsp;of 2021.
Rakesh&nbsp;also bought stakes in Steel Authority of India and Indiabulls&nbsp;Housing Finance in the same period of this year.
Retail investors and institutions track Rakesh&nbsp;Jhunjhunwala's&nbsp;portfolio for value picks. Stocks of Canara&nbsp;Bank are up almost 7% in the last one month. Whereas, scrips of SAIL and Indiabulls&nbsp;housing finance are down almost 6% and 20%, respectively, in the same period.

Rakesh Jhunjhunwala buys stake in this PSU bank

Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in this PSU&nbsp;bank alongside two more companies. Check out the names here

Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in state-run Canara&nbsp;Bank during the first quarter of 2021, as per&nbsp;the BSE's&nbsp;shareholding data.
The 'Warren Buffett of India' bought 2.88 crore&nbsp;shares of the Bengaluru-based bank during the April-June quarter&nbsp;of 2021.
Rakesh&nbsp;also bought stakes in Steel Authority of India and Indiabulls&nbsp;Housing Finance in the same period of this year.
Retail investors and institutions track Rakesh&nbsp;Jhunjhunwala's&nbsp;portfolio for value picks. Stocks of Canara&nbsp;Bank are up almost 7% in the last one month. Whereas, scrips of SAIL and Indiabulls&nbsp;housing finance are down almost 6% and 20%, respectively, in the same period.

Big bull&nbsp;Rakesh&nbsp;Jhunjhunwala&nbsp;has acquired a 1.59% stake in state-run Canara&nbsp;Bank

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.
&nbsp;

Veteran Aditya Ghosh joins Rakesh Jhunjhunwala's new airline business

Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.

Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of Akasa

Aviation veteran and former Indigo president Aditya&nbsp;Ghosh&nbsp;will join Rakesh&nbsp;Jhunjhunwala&nbsp;in his new upcoming venture.
Ace investor Rakesh&nbsp;Jhunjhunwala&nbsp;is said to be planning to launch an ultra-low-cost airline Akasa, modeled just like Irish carrier Ryanair&nbsp;which is one of the most successful and aggressive affordable airlines in the world.
As per the reports, Ghosh&nbsp;will own somewhere around 10% of the airline.
Rakesh&nbsp;Jhunjhunwala&nbsp;will invest $35 million and would own 40% of the firm as he believes more people will travel through the air going forward.
&nbsp;

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh&nbsp;Jhunjhunwala as per reports. The aviation venture is led by seasoned professional Vinay Dube, CEO of Jet Airways.'Akasa' which is awaiting a no-objection certificate from the Ministry of Civil Aviation is looking to be a&nbsp;Ultra Low Cost Carrier in the market. Reports indicate that&nbsp;Rakesh Jhunjhunwala likely to invest Rs 260&nbsp;crore in new low-fare airline. This would not be the first investment in aviation for the big bull who has earlier invested in airline companies such as SpiceJet and Jet Airways, where he held around one percent of their equity capital in each company.&nbsp;

Akasa Air Spotted! Why Rakesh Jhunjhunwala is betting on this new airline

Jet Airways stock has halved in the last 2 weeks as a new airline looks to grab the runaway and has the big bull backing it!&nbsp;

New Airline in the offing

<ul>
<li>New airline Akasa&nbsp;likely to be launched by erstwhile Jet Management&nbsp;</li>
<li>Rakesh&nbsp;Jhunjhunwala&nbsp;likely to invest in Akasa&nbsp;</li>
<li>Akasa&nbsp;Air is awaiting NOC&nbsp;from Aviation Ministry</li>
<li>Akasa&nbsp;aims to be a ultra-low cost airline</li>
<li>Rakesh&nbsp;Jhunjhunwala&nbsp;likely to invest Rs 260 cr in Akasa&nbsp;Air</li>
</ul>

Reports indicate that carrier that has been named "Akasa" is looking to be an Ultra Low Cost Carrier&nbsp;&nbsp;

'Akasa' is the new name in the skies, although tentative name this airline already has the backing of the big bull Rakesh&nbsp;Jhunjhunwala as per reports. The aviation venture is led by seasoned professional Vinay Dube, CEO of Jet Airways. 'Akasa' which is awaiting a no-objection certificate from the Ministry of Civil Aviation is looking to be a&nbsp;Ultra Low Cost Carrier in the market. Reports indicate that&nbsp;Rakesh Jhunjhunwala likely to invest Rs 260&nbsp;crore in new low-fare airline. This would not be the first investment in aviation for the big bull who has earlier invested in airline companies such as SpiceJet and Jet Airways, where he held around one percent of their equity capital in each company. &nbsp;Read/Watch Also: <a href="https://www.edtr.ai/9tqp">Jet Set and Nowhere to Go</a>

Rakesh Jhuhunwala&nbsp;along with others have settled the Aptech Insider Trading case with the Securities and Exchange Board of India (SEBI) . The total settlement was of Rs 37 crore&nbsp;out of which&nbsp;Jhuhunwala&nbsp;paid Rs 9.50 crore as settlement charges, disgorgement of ill-gotten gains and interest charges.The case pertains to using unpublished price sensitive information (UPSI) for trades on shares of&nbsp;Aptech Ltd. In September 2016 Aptech&nbsp;had forayed into&nbsp;preschool segment, the allegation was that Jhunjhunwalal and others traded&nbsp;based on this information prior to announcement.Jhunjhunwala currently holds a 24.24 percent stake in Aptech, which is valued at Rs 160 crore.
&nbsp;

Rakesh Jhunjhunwala, wife Rekha and others pay up Rs 37 cr to settle Aptech insider trading case

Aptech Insider Case, Why Rakesh&nbsp;Jhunjhunwala&nbsp;and others paid up Rs 37 crore.&nbsp;

Aptech Insider Case

<ul>
<li>Rakesh Jhunjhunwala&nbsp;pays to settle Aptech Insider Trading case with SEBI</li>
<li>Rakesh Jhunjhunwala&nbsp;to pay Rs 9.50 crore&nbsp;out of the Rs 37 crore&nbsp;settlement&nbsp;</li>
<li>Case alleges trades based on&nbsp;unpublished price sensitive information of Aptech&nbsp;</li>
<li>Aptech&nbsp;forayed into preschool segment in Sept 2016, allegation that this info was used to buy stock ahead of press release</li>
<li>Rakesh&nbsp;Jhunjhunwala's&nbsp;current 24% stake in Aptech&nbsp;is valued at Rs 160 cr</li>
</ul>

Veteran investor&nbsp;Jhunjhunwala currently holds a 24.24 percent stake in Aptech, which is valued at Rs 160 crore

Rakesh Jhuhunwala&nbsp;along with others have settled the Aptech Insider Trading case with the Securities and Exchange Board of India (SEBI) . The total settlement was of Rs 37 crore&nbsp;out of which&nbsp;Jhuhunwala&nbsp;paid Rs 9.50 crore as settlement charges, disgorgement of ill-gotten gains and interest charges. The case pertains to using unpublished price sensitive information (UPSI) for trades on shares of&nbsp;Aptech Ltd. In September 2016 Aptech&nbsp;had forayed into&nbsp;preschool segment, the allegation was that Jhunjhunwalal and others traded&nbsp;based on this information prior to announcement. Jhunjhunwala currently holds a 24.24 percent stake in Aptech, which is valued at Rs 160 crore. Read/Watch Also: <a href="https://www.edtr.ai/9vph">Jhunjhunwala&nbsp;bets on new airlines Akasa</a>

rakesh jhunjhunwala

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