After his death, Rakesh Jhunjhunwala's stock holdings worth about $4 billion come under scrutiny.

  • Aug. 16, 2022, 11:45 a.m.

The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely followed.

The man known as India’s Warren Buffett died of a reported cardiac arrest Sunday at the age of 62. The self-made trader invested in a wide swathe of established businesses and startups, and served on the boards of several Indian firms.

Jhunjhunwala was among the most influential market voices in Asia’s third-biggest economy, with an intense following among the nation’s growing horde of retail investors. The man also known as "Big Bull" was a fierce backer of the India growth story. His investing success earned him a cult-like following, with news of his trades occasionally sparking stocks to move by their daily limits.

The NSE 0.83 % Co. was one of the largest and most profitable investments for the veteran trader and his wife, Rekha Jhunjhunwala, making up more than a third of their portfolio, according to data compiled by Bloomberg.

Their other top holdings by market value include Star Health & Allied Insurance Co., footwear maker Metro Brands Ltd. and automaker 

Tata Motors Ltd  NSE 0.80 %. Jhunjhunwala held stakes of more than 10% in Star Health, IT firm Aptech Ltd. (NSE-5.50%) and videogame maker Nazara Technologies (NSE 1.68%) Ltd.

Key holdings Value
Titan $1.4 billion
Star Health $884 million
Metro Brands $281 million
Tata Motors (shares, DVRs) $262 million
Crisil $164 million
Fortis Healthcare $113 million
Source: Bloomberg

Even Prime Minister Narendra Modi acknowledged the impact Jhunjhunwala had on the investing community. The "indomitable" investor made "an indelible contribution to the financial world," Modi wrote in a tweet Sunday.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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