Rakesh Jhunjhunwala buys minority stake in PE-backed telecom operator

By Ankit Doshi

  • 03 Oct 2019
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Rakesh Jhunjhunwala | Credit: Reuters

Rakesh Jhunjhunwala, one of India’s top stock market investors and founder of investment firm Rare Enterprises, has placed a rare telecom bet. Through his wife Rekha, Jhunjhunwala has bought a minority stake in Tata Communications Ltd consisting of 1.96 million shares, taking advantage of the sharp fall in the company’s stock ......

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