Always believing in the growth story of India, Jhunjhunwala was known to have said that if you invest here, 'sky is the limit'.
"Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. He will always be remembered for his bullish outlook. My deepest condolences to his family. Om Shanti Shanti".
"Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions in business and industry. He was at the forefront of creating a culture of investing in Indian stock markets. Condolences to his family and many admirers".
Here are some of the reactions from industry leaders
"Rakesh Jhunjhunwala: my school and college mate. One year my junior. Believed stock India was undervalued. He is right. Amazingly sharp in understanding financial markets. We spoke regularly, more so during Covid. Will miss you Rakesh!"
"Rakesh ji was Ambitious… He was a sharp thinker, a thought leader, a calculative risk taker as a trader and a successful investor. His analysis were meticulous. He saw the big picture in India's story, he supported the government and decision-makers for taking bold steps in putting India’s economy on a fast track. His conviction for India and her prospects inspired the decision-makers. He planned his exit well ahead of his time by significantly allocating his wealth to philanthropy… He combined ambition with action. His life was blessed by these RARE qualities.... Prayers for RJ’s departed soul and condolences to everyone in his family".
"Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views. We will miss him. India will miss him but we will never forget him. RIP".
Also read: Who is Rakesh Jhunjhunwala?
"He understood the markets better than anyone else. He took risks and contributed immensely to the capital markets. Transparent in his behaviour, he spoke from his heart. Whenever you met him, he came across as a man full of life. He partied hard when he partied.
"We started our career together in the mid-80s. We used to meet quite often when we started. I have too many fond memories of him, right from trading hall days till now. He had a deep understanding of markets based on the fundamentals of the company. His style of communication was frank".
Ratan Tata, Chairman Emeritus of the Tata Group
"Rakesh Jhunjhunwala, who sadly passed away this morning, will always be remembered for his acute understanding of the stock exchanges of India. He will also be remembered for his jovial personality, his kindness, and his foresightedness. My heartfelt condolences go out to his family which has to share the burden of this great loss."
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