Realty firms afflicted with low returns shouldn’t get listed: Rakesh Jhunjhunwala
NEW DELHI: Ace investor Rakesh Jhunjunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjunwala, 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 […]
Ace investor Rakesh Jhunjhunwala, others to pick up stake in D B Realty
NEW DELHI: Real estate developer D B Realty will allot 5 crore warrants to investors, including Rakesh Jhunjhunwala and his wife, within days of Godrej Properties cancelling its plans to invest Rs 700 crore in the company to pick up 10 per cent stake and set up a joint platform. The company will raise Rs […]
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 […]
My unlisted portfolio has higher returns than listed firms: Rakesh Jhunjhunwala
NEW DELHI: ‘Big Bull’ Rakesh Jhunjunwala on Saturday said he has investments in private companies stretching to over a decade, and the returns he has made on his unlisted portfolio are higher than the one on listed firms. Jhunjunwala, who is reported to be the largest individual investor in the domestic markets, also said the […]
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 […]