Tag: Rakesh Jhunjhunwala

Rakesh Jhunjhunwala plans 70 planes for new ultra-low cost airline

NEW DELHI:Billionaire investor Rakesh Jhunjhunwala is planning on having 70 aircraft within four years for a new airline he wants to set up in India on optimism more people will travel by air. Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s […]

Rakesh Jhunjhunwala firm buys Indiabulls Real Estate shares worth nearly Rs 29 crore

NEW DELHI: Rakesh Jhunjhunwala’s Rare Enterprises on Thursday acquired Indiabulls Real Estate Ltd’s shares worth nearly Rs 29 crore through an open market transaction. Rare Enterprises bought 50 lakh scrips of the company at an average price of Rs 57.73 apiece, as per NSE’s bulk deal data. This took the total deal value to Rs […]

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