His deeply ingrained belief and conviction on India and its potential is strongly corroborated by some of his long-term bets – companies that will grow as domestic consumption or discretionary spends go up.
Jhunjhunwala was also famous for delivering catchy dialogues that came naturally to him. At the India Today conclave last year, he said: “India is coming into a phase that India has never seen, hamara time aayega nahi, hamara time aa gaya hai (India’s time will not come, it has already come).”
Concord Biotech IPO: Rare Enterprises-backed Concord Biotech has filed draft papers with the capital markets regulator SEBI to mop up funds through an initial public offering (IPO).
Rakesh Jhunjhunwala s Stock Holdings Kept At Scanner: Indian billionaire businessman Rakesh Jhunjhunwala passed away at the age of 62 on the early hours of Sunday. He is now kept at a spotlight after his 44 billion worth of stocks held by the investor are under the scanner.