In the world of investment, one cannot be right or wrong. The key to success is a smart way of giving yourself room for error and Jhunjhunwala lived by that choice.
The carrier, which took to the skies on August 7, received its third aircraft on August 16 and the same will be used for flights on the Mumbai-Bengaluru route shortly.
Quadria had invested Rs 475.30 crore in 2016 for the 20% stake. Rare Enterprises holds about 24% stake in Concord Biotech.
The 62-year-old investor, who was known as the Big Bull and Warren Buffett of India for his investment acumen, passed away on Sunday.
Known by many sobriquets like Big Bull and India’s Warren Buffett, he started investing in the equity market during his college days in 1980s.
Billionaire investor Rakesh Jhunjhunwala, who was battling with health problems, was declared dead Sunday morning.
At the time of his death, Jhunjhunwala was the 48th richest man in the country according to Forbes India's 100 richest people list.
Jhunjhunwala-backed Metro's shares hit 52-week high, late investor's wealth rises by Rs 221 cr on final trading day
Rekha Jhunjhunwala holds 3,91,53,600 Metro Brands shares, which is 14.43 per cent of the total paid-up capital of the company and is the third largest shareholder.
'Will honour Jhunjhunwala's legacy by striving to run great airline': Akasa Air's condolence message
India's newest airline Akasa Air thanked its late owner for "being an early believer in us and putting his trust and faith in us to build a world-class airline".
In a statement, Akasa Air said it was deeply saddened by the demise of Jhunjhunwala.
Always known for his calculated risks and bold bets, Jhunjhunwala took his one last bet in the Indian airlines business with the recently launched Akasa Air – a low-cost airline.
He was not keeping well for the past few days and breathed his last today in Breach Candy Hospital in Mumbai, as per the hospital sources.
According to an official, the Akasa Air flight 1353 took off from Bengaluru at 11am and landed in Kochi at 12.04pm.
Starting August 13, the airline will start operating an additional 28 weekly flights between Bengaluru and Kochi.
First look of Akasa Air's crew uniform out; fabric made from pet bottle plastic found in marine waste
Designer Rajesh Pratap Singh said that it had been an exciting journey for him to present one of the most unique, sustainable and functional uniforms of the times for the startup carrier.
According to analysts, the large cap stock may crash more if it is unable to hold Rs 2050 level and may drift down towards Rs 1750/1510 over the short to medium term.
Ace investor Rakesh Jhunjhunwala-backed Akasa Air in a release also said that it is on track to launch its commercial operations by July.
For an individual shareholder’s name to appear as a public shareholder, he or she must hold a percent or over of the equity capital in a listed company.