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Indian Billionaire-Investor Rakesh Jhunjhunwala Dies at 62

  • Small investors were ardent followers of his stock picks
  • Veteran equity market investor was a self-made trader
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Billionaire investor Rakesh Jhunjhunwala, locally known as India’s Warren Buffett due to his penchant for equity investing, has died. He was 62. 

The veteran stock market investor was a self-made trader, and invested in several established businesses and startups, including the country’s newest airline Akasa Air. Known for his selection of stocks for long-term investing, Jhunjhunwala was among the most influential market voices in India.