Budget 2018-19

  Ace investor Rakesh Radheshyam Jhunjhunwala held 10.82 per cent stake in Nazara Technologies as on June 30, 2021 Rakesh Jhunjhunwala’s holding value in Nazara Technologies crossed Rs 1,000 crore mark as the stock rallied 19 per cent on the BSE in Friday’s intra-day trade. In the past one month, the market price of Nazara Technologies, diversified gaming and sports media platform, has zoomed 78 per cent. In comparison, the S&P BSE Sensex was up 3 per cent during the same period. Ace investor Rakesh Radheshyam Jhunjhunwala held a 10.82 per cent stake in Nazara Technologies as of June 30, 2021. Based on intra-day high, the company’s market capitalisation stood at Rs 9,800 crore while  Rakesh Jhunjhunwala ’s net worth in the company came in at Rs 1,060 crore. Shares of Nazara Technologies hit a new high of Rs 3,223.80 in intra-day trade today, surging 39 per cent in the past one week. The stock was quoting higher for the seventh straight trading day. On Wednesday, October 6,...

  To invest Rs 260 crore for a 40% stake in low-cost airline Billionaire investor Rakesh Jhunjhunwa­la is investing over Rs 260 crore for a 40 per cent stake in a low-cost airline promoted by Vinay Dube, Jet Airways’ former chief executive officer. Dube has put in place a team of senior executives in commercial, engineering and finance roles, and negotiations are underway with both Airbus and Boeing for an aircraft order. The proposed airline christened ‘Akasa Air’ is scheduled to start next summer and have 70 aircraft in four years. Jhunjhunwala has already put in Rs 15 crore in the venture. The infusion was made earlier in the month and unsecured convertible debentures were allotted to his wife Rekha. Regulatory filings show that debentures would be compulsorily converted into equity shares of the airline immediately upon receipt of investment of Rs 247.5 crore from  Rakesh Jhunjhunwala  or his affiliates in the equity shares of the company within an agreed period. Jhun...