AQuity Solutions is a leading tech-enabled clinical documentation, medical coding and revenue integrity solutions provider in the healthcare domain. On the other hand, IKS Health provides administrative, clinical and operational services to clinicians.
Ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore through open market transactions.
Stock market investments are always said to involve risks and people who made big fortunes often made headlines as scamsters, leading to Dalal Street always being looked at with suspicion, but Rakesh Jhunjhunwala was broadly an exception. Jhunjhunwala, a partner at RARE Enterprises, who rose to amass a $5.8 billion fortune and earn the tag of the country's biggest individual investor, leaves behind a relatively cleaner slate, as was seen in the most common description for him -- 'India's own Warren Buffett'. Unlike names like Harshad Mehta and Ketan Parekh, whose rise in fortunes in post-liberalised India was tainted with scam links, the newest 'Big Bull' in the more-regulated market had lesser baggage on this front.
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet, passed away at the age of 62.
The ruling Bharatiya Janata Party received over Rs 785 crore in contributions from individuals, electoral trusts and corporates in 2019-20, which is over five times more than what the Congress received during the same period.
RARE Enterprises purchased 12.50 lakh shares of D B Realty at an average price of Rs 90.21 apiece.
Ace investor Rakesh Jhunjhunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjhunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because of the volumes which they can deliver. It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses. Jhunjhunwala cited the case of DLF, saying the stock price plummeted to Rs 80 from Rs 1,300 per piece to illustrate the risks associated.
Of the amount, the home-grown private equity player founded by Renuka Ramnath plans to deploy $8 billion in various companies as part of its blueprint for growth.
His Rare Enterprises purchased 75 lakh shares worth Rs 13 crore.
Shares of SpiceJet surged over 17 per cent on Monday after ace investor Rakesh Jhunjhunwala's Rare Enterprises picked up 75 lakh shares of the company for more than Rs 13 crore (Rs 130 million) through open market.
There are pending buy orders for 4.8 million shares on the NSE and BSE.
Big bull Rakesh Jhunjhunwala feels the Indian stock markets, currently on an upward rally, may 'burst' in a month or two.
"We are in an early stage of a long-run bull market," says Rakesh Jhunjhunwala.
Rakesh Jhunjhunwala on Friday picked up 1.05 per cent stake in Jet Airways for Rs 50.5 crore.
India's surging class of millionaires is stocking up on posh pads, luxury cars, and designer duds.
Rakesh Jhunjhunwala of RARE Enterprises, a high-profile investor, talks to Business Standard on the state of the secondary market and the hype around IPOs.
The value of the ace investor's personal holdings rose by just 2%.
Coffee Day Enterprises has already raised over Rs 334 crore from anchor investors.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine