The Mumbai-based airline, Akasa Air, received the mandatory no-objection certificate from the civil aviation ministry in October last year. Once the aircraft is inducted, then the airline has to conduct a set of successful proving flights.
The Ministry of Civil Aviation had last month given a no-objection certificate (NOC) for the operation of Akasa Air in India.
The Ministry of Civil Aviation has granted NOC for the operation of Rakesh Jhunjhunwala-backed new airline Akasa Air.
Prime Minister Narendra Modi on Tuesday met well-known stock market investor Rakesh Jhunjhunwala.
Billionaire investor Rakesh Jhunjhunwala investor will be launching an ultra-low-cost airline to be called Akasa Air, with an investment of $35 million.
Rakesh Jhunjhunwala has faced huge embarrassment after markets regulator SEBI issued an order for disgorgement of ill-gotten gains in an insider trading case of Aptech Ltd.
The popular mobile gaming and e-sports company listed at a premium listing nearly 81 per cent (Rs 1,990) on its issue price of Rs 1,101 on the National Stock Exchange (NSE).
Nazara Technologies' IPO will open on March 17. Rakesh Jhunjhunwala-backed Nazara Technologies' shares are commanding a premium of Rs 620 in the grey market.
Ace investor Rakesh Jhunjhunwala's Rare Enterprises acquired the company's shares through an open market transaction.
Billionaire investor Rakesh Jhunjhunwala has raised his stake by 2.85 lakh shares in VIP Industries during the January-March, 2020 period. Following Jhunjhunwala's purchase, stocks of VIP Industries rallied by almost 10 per cent on the BSE.
Shares of Yes Bank on Tuesday closed over 3 per cent higher after ace investor Rakesh Jhunjhunwala bought nearly 1.3 crore shares of the company for around Rs 87 crore through open market transactions. The scrip gained 3.40 per cent to close at Rs 68.35 on the BSE. During the day, it advanced 8.77 per cent to Rs 71.90. On the NSE, it climbed 3.25 per cent to close at Rs 68.30.
According to bulk deal data available with the BSE, Jhunjhunwala purchased 1,29,50,000 shares of the private lender amounting to 0.5 per cent stake.
Data from stock exchanges has showed that ace stock market investor Rakesh Jhunjhunwala bought Yes Bank shares worth Rs 87 crore. According to the data, Jhunjunwala purchased 12.95 million shares of the lender at a price of Rs 67.1 apiece.
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