Founder of Akasa Air – India’s newest airline – Rakesh Jhunjhunwala passes away on August 14.
The stock-market “King of Bulls” died following “prolonged illness”, his close associates said.
He was 62 and is survived by his wife Rekha and three children, who were with him when he breathed his last, even as his demise plunged the stock market players into shock.
In a statement, the grieving Jhunjhunwala and Gupta families said: “With deep regret we have to inform you that Rakesh Jhunjhunwala passed away peacefully this morning, the Antim Yatra will start at 5.30 pm from IL Palazzo and the cremation will take place at the Banganga Crematorium on Malabar Hills.”
A chartered accountant by qualification and profession, Jhunjhunwala’s latest venture Akasa Air‘s maiden flight took off on the Mumbai-Ahmedabad sector exactly a week ago on August 7.
