Not Big Bull, Rakesh Jhunjhunwala was a rare lion: Vijay Kedia

“Ever since I came to Mumbai, my friendship with him has been consistent. We have had many fond memories of being together in the ring (during the open outcry days of BSE), chatting on the streets, as well as eating and drinking together,” Kedia told ETMarkets.com.

“He was not a Bull or a Big Bull. He was a rare lion on Dalal Street whose josh could revive the confidence of even a dead man,” Kedia said.

Following several health-related complications related to diabetes and kidney, Jhunjhunwala passed away before he was brought to the Breach Candy Hospital, where he was being treated for the last few months.

Kedia said his wife used to call Jhunjhunwala ‘vidya sagar’ because of his vast in-depth knowledge of markets and businesses.

“Vidya and sagar are both eternal in nature, and they will remain so forever,” he said, adding that he had the guts to go against the wind and dabble into things no one would advise doing.

“He started an airline (Akasa Air) when everyone said airlines are losing money. He did whatever he wanted to. True to the name of his firm Rare Enterprises, he was a rare man,” Kedia said while mourning the death.

Jhunjhunwala, the son of an income tax officer who became a CA before beginning his journey as a trader on Dalal Street, is survived by his wife and three children.