Rakesh Jhunjhunwala passed away on Sunday. His death now puts his stock holdings, worth nearly $5.8 Billion, into the spotlight. His holdings always were the topic of heated discussions, his every single trade was scrutinised closely and now after his death, there is one final question- What is going to happen to his holdings?
Rakesh Jhunjhunwala AKA India’s Warren Buffett
Rakesh Jhunjhunwala was the most influential investor in the Indian stock market with millions of followers scrutinising his every trade closely. He left behind his stock holdings worth billions and here are the details.
Detailed View of Jhunjhunwala’s Shareholdings As of June 30, 2022:
- In Titan, 5.1 per cent holdings or 44,850,970 equity Shares.
- 100,753,935 equity shares or 17.2 per cent holdings in Star Health.
- Owned 1.1 per cent or 36,250,000 equity shares in Tata Motors.
- He held 4,000,000 equity shares or 1.1 per cent of Crisil.
Jhunjhunwala Passed Away At 62
Famed investor, Rakesh Jhunjhunwala, also known as ‘ India’s Warren Buffett’, passed away at age of 62 after suffering from a Cardiac Arrest. As per the information, he was already suffering from health problems related to his heart and kidneys, that too with being a diabetic.
He was taken to the Breach Candy Hospital, where he was declared dead, on Sunday morning.
After listening to this news, PM Narendra Modi also tweeted with the captions, “He leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti”.
Nikhil Kamath, the Zerodha co-founder, tweeted a photo with the captions, “There will never again be someone like you, RIP”.