In the event of Rakesh Jhunjhunwala s untimely death, a very pertinent question that arises is with respect to transfer of shares and stocks of decesed.
Reportedly, Rakesh Jhunjhunwala also planned his succession many years ago and so while markets may be in mourning on Tuesday, he had the wisdom and foresight to pre plan his vast investments.
"Mr Jhunjhunwala had an invincible spirit, was deeply passionate about everything Indian and cared greatly for the well-being of our employees and customers," said Akasa Air.
Rakesh Jhunjhunwala died aged 62 on August 14, before his death Akasa air founder and ace investor made his last public appearance at the launch of the inaugural flight of the airline.